Question
29-5. Which of the following is the most appropriate asset for Colleen to give to her nephew James so that he can start saving for
29-5. Which of the following is the most appropriate asset for Colleen to give to her
nephew James so that he can start saving for his children's education?
A. Colleen establishes a 529 Plan and
makes gifts to the 529 Plan.
B. Colleen has low basis securities that she
can liquidate to give James cash.
C. Colleen has an IRA she wishes to give to
James.
D. Colleen has a stock that has declined in
value that she wishes to give to James.
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
