How to allocate 529 gifts to one year only on form 709 in ITO? Filing 709 due to cash gifts; 529 contribution was below $15K and don't want to allocate over 5 yrs. (ITO default appears to force allocation).
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No, the default in PTO is not to split. To make the election, you'd need to check the box for "Transfers made to qualified tuition program" under General Information.
No, the default in PTO is not to split. To make the election, you'd need to check the box for "Transfers made to qualified tuition program" under General Information.
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