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Mrs. Vick is considering making contributions to a qualified tuition program to provide savings for her daughters college education. However, Mrs. Vick is concerned that
Mrs. Vick is considering making contributions to a qualified tuition program to provide savings for her daughters college education. However, Mrs. Vick is concerned that the contributions will be considered a gift of a future interest and result in a taxable gift. Which code section and subsection provide the gift tax treatment for contributions to a qualified tuition program?
Describe the results of your research in a memorandum to Mrs. Vick. Problem
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