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Author: TMFJacoby Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121594  
Subject: 5-Year Accelerated Gift for 529 Plan Date: 12/10/2005 8:28 PM
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My wife and I plan to take advantage of the 5-year gift acceleration for our son's 529 plan. As a married couple, we can contribute up to $110,000 to the 529. We then can't make another untaxed gift for 5 years.

My Question: If we give $70,000 this year and $40,000 next year, does the 5-year clock "reset"? In other words, if we do it this way, is it actually 6 years from now before we could give again?

Any thoughts would be appreciated, as well as a source that I can reference.

BC
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