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For gift tax purposes, a contributor can elect to treat a contribution of up to $70,000...

For gift tax purposes, a contributor can elect to treat a contribution of up to $70,000 to a 529 plan as having been made over how many years?
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Answer #1

5 years

under 529 gift tax is exempt for value upto $14000 per month and if one time payment it can me exempt considering equally distributed over 5 years

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