Do I enter all contributions made to CollegeInvest529 (including gifts by other relatives) or just the amount I personally put into the account for tax reporting?

FilingTaxFunTimes · ‎June 6, 2019

My wife's parents contributed a portion of the total contributions made to my daughters CollegeInvest 529 through a "share link". I want to know if I enter all contributions shown for 2017 or just those made by me.

PaulaM · ‎June 6, 2019

If your state allows a deduction for your CollegeInvest529 contribution, enter the amount that you personally added to the account.

Gifts/relative contributions would be deductible on their state tax return if their state allows for a deduction.

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PaulaM · ‎June 6, 2019

If your state allows a deduction for your CollegeInvest529 contribution, enter the amount that you personally added to the account.

Gifts/relative contributions would be deductible on their state tax return if their state allows for a deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Do I enter all contributions made to CollegeInvest529 (including gifts by other relatives) or just the amount I personally put into the account for tax reporting?