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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, I would leave it alone. Pay the capital gains when you take the money out later. If you continue earning as you are, you may not even need to use savings to pay for college, and then you'll have to pay additional taxes on the 529 money that you already paid capital gains on to use it for other purposes.

Better to each of you "gift" the max tax-free amount in your brokerage account to your child each year, just transferring it.to a new account at the same bank/house without selling anything. No capital gains until your child needs it.[/quote]

holy crap, this, and how is DCUM so effing bad at taxes[/quote]

OP here. I'm bad at taxes because I didn't grow up rich, and neither did my husband. Reaching the max contribution for a "gift" was never a problem I had to know about. We are in law, not finance, and we went from spending all of our disposable income on student loans to having 200k+ extra in our pockets over the course of two years. So forgive me for having to learn this stuff on the fly.[/quote]

You're quoting me and I could be you. My parents are still poor as hell, I'm a lawyer, which means I know how to look up stuff like tax law. Which is how I know that the whole point of 529s are the tax advantages. [/quote]

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