For gift tax purposes a contributor can elect to treat contr

For gift tax purposes, a contributor can elect to treat contribution to a 529 plan (a qualified tuition plan) as having been made over how many years? a. one year b. three years c. five years d. seven years

Solution

Answer C is correct.

A contributor ontribution for a beneficiary can elect to treat the contribution as made over a five calendar-year period for gift tax purposes.