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If my husband and I have a joint checking account and electronically contribute to a 529 for our son, do we have to do anything to denote that half came from one of us and half came from the other ? We would like to hit the annual maximum($24,000)this year and next.

Because there's a state tax benefit, we only want to do annual maximums, not the absolute maximum at once.

thanks
rad
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If my husband and I have a joint checking account and electronically contribute to a 529 for our son, do we have to do anything to denote that half came from one of us and half came from the other ?

If you're in a community property state, I think you're covered. If you're in a separate property state, you might need to show that you've each put $12k into the joint account.

None of that would actually need to go with the tax return. It would just be part of your records supporting the return in case of an audit.

--Peter
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