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Just a thought, but if you actually work for DELL and bought the stock as an ISO or NQSO or even through a stock purchase plan then gifting has it's own set of tax rules and may not be the best thing for your to do.

Yeah... it is ESPP stock. We've had it for over 18 months though, so it's my understanding that we would just be taxed on the difference between the fair market value on the date of purchase and the purchase price. The stock has appreciated since the purchase, so by gifting the stock, we would be able to contribute a lot more than if we just put in cash.

I was just hoping there was a way to do this to help save for her college expenses.

I'd ask your financial advisor why he believes gifting isn't advisable...he does work for you and you should know the details.

He said an UTGMA would count against her if she applies for financial aid. The problem with the 529 plan is that we don't have the cash to fund it. If we sold the stock and then used the money to fund her account, we'd get hit with a pretty big tax bill because of the appreciation.
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