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Hello, I would appreciate guidance on how to correctly report a 529 plan beneficiary change and apply the 5-year gift tax election (superfunding) using Form 709. Here is my situation: I am the owner of a 529 plan. In 2025, I changed the beneficiary from myself to my son. The account value at the time of the beneficiary change was approximately $150,000. I am married filing jointly. Our intent was to treat this as a gift and apply the 5-year election for gift tax purposes. We understand that Form 709 needs to be filed. My questions: Does changing the beneficiary from myself to my son constitute a completed gift of $150,000 for gift tax purposes? Can my spouse and I elect gift splitting so that the $150,000 is treated as $75,000 from each of us? How do we properly apply the 5-year election for a 529 plan in this case (i.e., spreading the gift over 5 years)? Do both my spouse and I need to file separate Forms 709, even though we file jointly for income taxes? Which specific sections and schedules of Form 709 should we complete for (PLEASE PROVIDE DETAILED GUIDANCE): the beneficiary change the 5-year election gift splitting How should we reflect the annual exclusion amounts across the 5-year period? Are there any additional disclosures or statements required to properly document the election? Thank you.

I report a summary on form 8949 with code m  for multiple transactions aggregated, and code w for wash sales.   I have one transaction for which I seemingly have to adjust the basis [because of a payment in lieu of dividend for which the position was open less than 45 days] with code b.   Could this transaction be aggregated with the other transaction or does have to be on a separate line?

While I can find where to apply federal refunds to 2026 estimated tax, I can NOT find where to apply California state tax refunds. When I go and start to file California it lets me ONLY get refund through Turbotax, via direct deposit or by check.