Is there a place on the most recent CSS profile form where 529s owned by relatives have to be reported. I see one question about funds from relatives expected for the 2021-22 school year but no place to report total amount in 529. Any ideas?
No.
A relative could name you as the beneficiary of a 529 account that they own, and they would have no obligation to tell you. So how could there be a Profile rule that you “have to” report an account owned by someone else that names you as a beneficiary when it’s entirely possible you might have no idea that the account exists?
1 Like