KrisD15
Expert Alumni

Retirement tax questions

Correct.

There is no limit to contributing to a 529 account, the 18,000 you are referring to is the annual gift exclusion

If you contributed 18,100 to your son's account but later moved 100 to an account for a different beneficiary, the 100 would not be applied to the gift limit, so there would be no reporting necessary. 

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