PA-40 529 Deduction.

[wienky]

Phone call to Plan headquarters says you can deduct 15,000 per beneficiary. Example, 10 grandkids and $8,000 per kid $80,000 deduction.  Program limits amount entered to total of $15,000.

[Ernie · Accepted solution]

I just tried it for 3 individuals $15,000 for taxpayer for a total of $45,000.  The taxpayer received the full $45,000.

[wienky]

Thank you.  My error.  I was trying to enter data on Part II instead of Part I of Schedule O.

[wienky]

Thank you.  My error.  I was trying to enter data on Part II instead of Part I of Schedule O.

[Ernie]

Glad to help!