I decided to superfund my kids’ 529 accounts because I was late to the game. Then I learned that I needed to fill out the IRS Form 709 for taxes. I superfunded over 2 years which made it slightly more complicated. I found Form 709 (and many other tax forms for that matter!) hard to understand how to complete correctly. You wouldn’t believe how much time I exhausted trying to figure out how to fill out a few boxes. Eventually, I got help from the following resources, which were lifesavers. Hope they help you, too!
Samples of completed Form 709 and related help
- https://www.mymoneyblog.com/completed-sample-irs-form-709.html
- https://www.cbsnews.com/htdocs/pdf/president_federal_709.pdf
- https://www.whitecoatinvestor.com/529-superfunding/#:~:text=5https://www.whitecoatinvestor.com/529-superfunding/
- https://www.pkfod.com/wp-content/uploads/2019/01/PronekShenkman-article.pdf
My sample of completed Form 709 for superfunding 529s
Through a variety of the resources I found, I think I got the gist of it and cobbled together a sample of completing a Form 709 for superfunding (across two years), and the Form 709’s attached explanation text. Not 100% sure though, so take it all with a grain of salt! To use any of the template versions below, log in to your Google account while you are accessing the file, then you will be able to select “make a copy” and modify it however you want in your Google Drive.
Things I wish I knew before. . . 