First Time Poster, thanks for taking a look,
We (I) basically did not fund my daughters college education and she had limited 529 savings (already spent) currently. We live in Georgia which allows for $4K worth of deposits (Tax Free) per beneficiary and there are a total of four other beneficiaries in the family (including wife and I).
Question: Is it possible (legally) to make additional deposits to the other beneficiaries tax free and then transfer those funds to my college daughter (sometime next year) to get the 6% state tax savings for the cost of school?
Obviously the goal here isn't about Federal Government tax free gains since the money would very likely not earn any (or very much) gains but rather for the state tax deduction.
Any help would be greatly appreciated.