Had no idea about the $400 self-employment. Good to know. I was only looking at the general limit. Thanks all for the theorycrafting, would love to hear any additional strategies.
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What I told my brother to do was split the money between a 529 and an UTMA for his kids. There’s a tax benefit to 529 and you’ll surely be spending something on eligible expenses. But the UTMA has more flexibility. And by only putting some of the expected future outlay in there it’s less likely to get hit by the kiddie tax and it’ll get hit by less kiddie tax if/when it does.