MikeinNJ wrote:I was more looking to see IF I would have to pay a tax if they wrote a check directly to my student loan servicer.
MikeinNJ wrote:Would I be paying less tax or no tax if they wrote it directly to my loan servicer? .
ii) The election under section 529(c)(2)(B) may be made by a donor and his or her spouse with respect to a gift considered to be made one-half by each spouse under section 2513.
blevine wrote:Nothing to do when you change beneficiary, if amongst your own family.
WhiskeyJ wrote:Is there anything else to consider or be aware of from a tax code compliance/legal standpoint?
It was kind of you to provide the link through my law school - Cornell. I received my CPA elsewhere at a later date.