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New Member
posted Mar 12, 2023 6:55:26 PM

Will a IL 529 Brightstart to my son considered gift? In IL schedule M, there is also a checkbox "Gift". Do I need to check that? (or that's for non-parent and friends)

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1 Best answer
Expert Alumni
Mar 12, 2023 7:18:27 PM

No.

A gift is when someone not listed as owner of the account contributes. 

3 Replies
Expert Alumni
Mar 12, 2023 7:18:27 PM

No.

A gift is when someone not listed as owner of the account contributes. 

New Member
Mar 15, 2023 12:38:56 PM

thanks

Level 1
Apr 16, 2023 2:25:48 PM

thanks!!