709-US: Viewing contents and summaries of all tax elections (FAQ)

Alerts and notices

To view the complete contents of tax elections, see Create and edit tax elections.

The following is a summary of each tax election.

No. Description Paragraph summary
2 Section 529 Qualified Tuition Programs IRC section 529 election to treat a contribution to a Qualified Tuition Program / Plan as made ratably over 5 years.
3 Automatic GST Allocation - Direct Skip IRC section 2632(b) election to not allocate GST exemption to a direct skip gift.
4 Automatic GST Allocation - Indirect Skip IRC section 2632(c) election to not allocate GST exemption to an indirect skip gift.
5 Automatic GST Allocation - ETIP IRC section 2632(c) election to not allocate GST exemption to a prior year ETIP gift.