I am a grandparent. I gave 75000 to my grandson's 529 plan in 2018, choosing to spread over 5 years. For Form 709, Schedule A, should I fill part 2 direct skips or part 3 indirect skips? Thanks.
Part 3 is for gifts to trusts "that are currently subject to gift tax and may later be subject to generation-skipping transfer tax." Was your $75k gift made to a trust?
