I'm wondering if the OP has just encountered a dictrict that doesn't want to deal with individual differentiation and would rather suggest skipping, just as some say "You really should homeschool this child"? It would be unusual, but one could see it being possible. Maybe they just see it as easier.

OP, so you have achievement test results but no IQ results? It would help us here on the board to have IQ numbers. You used the term profoundly gifted, which has a pretty specific definition and is probably why most posters agreed that major accommodations were needed. I am not at all trying to say that your child is not PG, but both my kids were reading at the 5th grade level in K (not sure about math) and neither is PG. (Your job is going to be easier if she is not PG...) If she is PG, you could consider going to DYS and asking for help, which may well be really useful.

BTW, I apologize that you are getting some unpleasant replies. Not typical of the board.