Do I need to report anything for 529 Contributions

razor5 · ‎April 14, 2024

We are MFJ and we made 529 34k contribution for our kid. 2 parents each 17k gift tax exclusion limit.

We did not made any withdrawals from this account neither did we receive any tax form from our 529 advisor.

Do we need to report anything for 529 in 2023 in federal or California state tax return?

KrisD15

No, some states have a credit for making contributions, but California is not one of them.

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KrisD15

No, some states have a credit for making contributions, but California is not one of them.

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

Do you have an Intuit account?