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
KrisD15
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
KrisD15
Expert Alumni
Mar 12, 2023 7:18:27 PM
No.
A gift is when someone not listed as owner of the account contributes.