A future interest and result in a taxable gift

Reference no: EM13914128

Mrs. Vick is considering making contributions to a qualified tuition program to provide savings for her daughter's 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.

Reference no: EM13914128

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