A parent in a high tax brackets wants to gift income producing property (such as stocks and bonds) to their child, who is in a low tax bracket, in order to shift income and collectively save the family money in taxes. What issues might this parent need to be aware of?

Answer rating: 100% (QA)

When a parent in a high tax bracket wants to gift incomeproducing property to their child in a lower tax bracket to shift income and potentially save ... View the full answer