My son and I both own 529 accounts with my grandson as beneficiary. I am wanting to transfer a fixed amount from my account to my son's account annually.
i do not believe that the transfer itself qualifies as a gift as there is no change in the beneficiary.
But I am worried that this transfer would be considered a "rollover" for the same reason - the same beneficiary. If this is the case, would I be limited to one transfer per 12-month period?
