Deduction for 529 Contribution via UGift

Forum|Forum|5 years ago
March 8, 2021
1 reply
20 views

In addition to contributions for my own kids, I made a 529 contribution to my nephew's daughter via UGift. Everything says this should be deductible in PA. On the form, TurboTax is requiring the recipient's social security number (XXX-XX-XXXX in numeric only form) even though UGift does not provide it (to allow that info to be kept confidential.) How do you complete the form when the contribution was made via UGift?

TurboTax Deluxe Online

Thinking44Author

Level 2

PA Treasury says that the UGift is fine as deductible, I just need to know how to get TurboTax to allow entry?

Tur06

Level 2

I am from Colorado and made UGifts in 2020 for my grandchildren. Where do I input this info in Turbotax?

KrisD15

Level 15

You may need to verify if the contribution meets the rules for a 529 contribution or a charity contribution.

It was unclear to me whether UGifts acts as a non-profit charity or as the account administrator for the contributions to the 529 accounts from their website.

If it is a charity, the contributions would be reported as charitable contributions on the federal return.

If it is a 529 contribution, you would report that on the state's return if the state offers a credit.
I suggest you contact UGift for clarification and to obtain their EIN for tax reporting.

@Thinking44

@Tur06

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