Report a college savings plan and income from the plan in Part 6.

For You, Your Spouse, and Your Dependent Children

Part 6

Reporting the Overall Plan

Report a college savings plan if the total value was more than $1,000 at the end of the reporting period or if more than $200 in total income was received during the reporting period.  Income is ordinarily reported when funds are withdrawn.

Description:  Provide the sponsoring state and the type of plan.

EIF:  Select “No” because a college savings plan is an investment vehicle that does not qualify as an excepted investment fund.

Income Type:  If applicable, describe the type of income received as “cash payments” or “cash distributions.”

Income Amount:  Provide the exact amount of income received during the reporting period.  If you do not have such income to report, leave the field blank.

Reporting the Underlying Assets

If the overall plan is reportable, provide the names of each underlying asset within the plan that individually was worth more than $1,000 at the end of the reporting period.

Description:  Provide the name of the underlying asset.

EIF:  For each underlying asset, indicate whether the asset (1) is an investment vehicle that qualifies as an EIF (“Yes”), (2) is an investment vehicle that does not qualify as an EIF (“No”), or (3) is not an investment vehicle that holds other assets (“N/A”).  In most cases, the underlying assets will qualify as EIFs.

Value:  Report the value of the underlying asset by selecting the appropriate category.

Income Amount:  Select the category for “None (or less than $201).”