01-14-2007, 09:01 PM
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 Re: Funding 529 College Plan with stock malibu.ron[at]verizon.net wrote: - quote - > Is there anyway to initially fund a 529 College Fund for my grandson
NO. In fact, the 529 is not permitted to own individual stocks.> with stock I already own. I have a large capital gains and prefer not > to sell it. You can gift the stock, and then have the child either hold it, or sell it a bit at a time, keeping in mind the Kiddy Tax now limits to $1700 the amount the favored rate the child would pay applies to. But 15% for the long term gains aren't bad, anyway. Why not just sell it, pay 15%, and open the 529? The features of the 529, allowing 5 X $12000 for a one time contribution (i.e. not just the regular $12K gift exclusion) and the tax free status of growth, make it a good deal. JOE |
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#-1
01-14-2007, 08:27 PM
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| Funding 529 College Plan with stock Is there anyway to initially fund a 529 College Fund for my grandson with stock I already own. I have a large capital gains and prefer not to sell it. |
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| 529, college, funding, plan, stock |
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