Grandparent 529

Madison85
Fri, 14 Aug 2015 03:36:53 +0000

Excess of $14k from one donee to one donor is significant because then a gift tax return must be filed. OP did not provide information about additional family members.

Gift of $1k to grandkid is probably reportable for FAFSA? That’s the whole point of gifting it to a parent who pays it for the child.