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You can safely gift stock under the annual gift exclusion, which allows individuals to give up to $17,000 annually (for 2023) or $18,000 (for 2024) to any number of recipients without incurring a ...
Giving stock as a gift can serve multiple functions. For one, it can help teach the recipient about how financial markets work, and the value of owning stock over time. For another, it can be a ...
Gifting money to family members can help show you care and is especially convenient if they live far away. Maybe you’re not sure what they’d like for their birthday, or you’re helping them ...
When a taxable gift in the form of cash, stocks, real estate, gift cards, [2] or other tangible or intangible property is made, the tax is usually imposed on the donor (the giver) unless there is a retention of an interest which delays completion of the gift. A transfer is "completely gratuitous" when the donor receives nothing of value in ...
The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...
When assigning income to another person (particularly a family member) in the form of a gift, the courts will usually see it as a way to avoid tax and thus consider it “fruit.” Only in an arms-length sale do the courts see the “tree” itself being moved.
A donor-advised fund allows you to contribute a bunch of stock at one time and then disburse the gift over time. “You donate stock to a donor-advised fund, snag an immediate tax deduction ...
However, online gift registries that are not specific to any retailer have become an increasingly popular alternative to retailer-specific registries, as the former offers more flexible means of adding gifts and coordinating purchases, as well as social networking capabilities.