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Federal input screens

Screen G529 - Section 529 Gifts

Gift to Qualified Tuition Program

Given by
Enter 3 for a joint gift given by the donor and the spouse. Half the value entered of a joint gift is reported on the donor’s return and half the value is reported on the spouse’s return.
Section 529(c)(2)(B) election: Utilize maximum exclusion amount for year one
If the total amount of the gift is less than five times the current annual exclusion amount and the taxpayer wishes to utilize the full annual exclusion amount in year one of the gift made, enter
X
 to make the gift made in year one equal to the current year annual exclusion amount.
Section 529(c)(2)(B) election: Include gifts to be reported in subsequent years on final return
Enter
X
to recalculate the reported gift amount to include the entire amount entered in the
Value at date of gift
box. You must enter a date in the
Date of death…
box on the 709 screen to use this box.
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