Comments on: Kiddie Tax Loophole Dead - UGMA & UTMA Now a Poor Choice for College Savings http://www.pfadvice.com/2007/11/05/kiddie-tax-loophole-dead-ugma-utma-now-a-poor-choice-for-college-savings/ Bridging the gap between saving money and investing Fri, 29 Aug 2008 19:45:39 +0000 http://wordpress.org/?v=2.6.1 By: NickP http://www.pfadvice.com/2007/11/05/kiddie-tax-loophole-dead-ugma-utma-now-a-poor-choice-for-college-savings/#comment-298830 NickP Sat, 03 May 2008 21:07:10 +0000 http://www.savingadvice.com/blog/2007/11/05/101871_kiddie-tax-loophole-dead-ugma-utma-now-a-poor-choice-for-college-savings.html#comment-298830 At Fidelity, a UTMA can be transferred to a 529 plan. If used for higher education, none of the transfer would be taxable. Is my understanding correct? At Fidelity, a UTMA can be transferred to a 529 plan.

If used for higher education, none of the transfer would be taxable.

Is my understanding correct?

]]> By: Paul http://www.pfadvice.com/2007/11/05/kiddie-tax-loophole-dead-ugma-utma-now-a-poor-choice-for-college-savings/#comment-272102 Paul Wed, 26 Mar 2008 21:18:28 +0000 http://www.savingadvice.com/blog/2007/11/05/101871_kiddie-tax-loophole-dead-ugma-utma-now-a-poor-choice-for-college-savings.html#comment-272102 Why can't a child with a large portfolio provide more than half of his own support and disqualify the parent from claiming him and then take his personal exemption on his own return and avoid the kiddie tax? Why can’t a child with a large portfolio provide more than half of his own support and disqualify the parent from claiming him and then take his personal exemption on his own return and avoid the kiddie tax?

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