I have not read other replies, but my daughter was in a similar situation so thought I would give my experience. She did not go to preschool bc she did not test with any need, and I was a stay at home mom. She was a spontaneous reader at 3 years old. When she went to kindergarten she did not fit in. She was way above other kids socially, emotionally, and academically. The teacher suggested we think about skipping her. I was reluctant at first, but by halfway through the school year she was very unhappy in school. She had given up napping 3 years earlier, they were working on letters and numbers when she wanted to do math and read. We decided to start the long process.
This is where I caution other parents....just because your child is ahead in reading or whatever, is not reason to skip. A full grade skip is a big deal, and if they can just accelerate a subject or two and be happy, I think that is typically better. There have been negatives as well as positives. Anyway, it was the teacher, not us, that initiated the process. Her first step was to test for and enter the gifted program. After that, she had to visit with the guidance counselor for assessing. Then, the school did the Iowa acceleration scale, which is a process that determines if a child should skip a grade. If your school is not willing to do this, I wouldn't skip. This process includes a board (parents, teachers, counselor, etc) who together grade the child with questions. She also had a psychologist administer an iq test. Finally she had to test for 1st grade (grade she skipped) and second grade (grade she would enter).
She ended up being an excellent candidate to skip, but she had a couple areas to get caught up in, science and social studies...things that are typically covered in 1st grade that she simply just hadn't learned. I was responsible for her learning that over the summer. She is now in 4th grade and does very well. Straight As, has friends, etc.
Some cons....some kids were not that nice about her skipping. It's important your child has a personality that can handle a complete change of peers and friends. Also, she is way younger than everyone else in her grade, and while we try to treat her older, we won't be able to do anything about driving age, movie ages, etc that her peers will be old enough for when she's not.
Also, skipping has not really solved anything as far as academics go. She tested in the "genius" range, and I say that not to brag, but what I didn't quite realize is skipping was never going to be enough. Even with gifted work she still is not challenged enough in school and she is bored still. She does however socially fit better in her group, and we would not consider skipping her again. We are hopeful middle school will give her more of a challenge in a couple of years.
In hindsight, I still think skipping was what she needed at the time and is happier for it, but I still worry for the teen years, it is still an unknown. Also, I lost a year with my baby

she will be off to college and out of the house forever a full year ahead of where she would have been.
In a perfect world, I would have moved her to a private school that could give her a more individualized lesson plan that catered to her needs, but we just can't afford that, and her public school has done what it can to accommodate her, and overall she is a very happy girl
