Absolutely. When my parents gave a 529 contribution for my kids, I did not even bother to tell the kids. They had no idea what a 529 was. And it was not a gift to them, it was a gift to the owner of the 529. Which was appreciated by the recipient!I think one should just be grateful that the grandparents want to share in their kids life and to give them presents. I can see that look on my granddaughter's face if she saw that she got a 529 contribution. Woo-pee.
Statistics: Posted by MoreTaxes — Sat Sep 07, 2024 1:22 am — Replies 60 — Views 6326