wanaberetiree
Full time employment: Posting here.
- Joined
- Apr 20, 2010
- Messages
- 718
My son is getting married and we will gift him and his soon-to-be-wife a sum of money.
We have him as a co-owner of 2 accounts. We used this when he was in college to fund him with money.
I am curious about how other people actually gifted kids money.
Did you write a check making sure that it's within IRS limits, did you transfer money to a co-owned account and let your kids move money from there? Other ways?
Thanks!
We have him as a co-owner of 2 accounts. We used this when he was in college to fund him with money.
I am curious about how other people actually gifted kids money.
Did you write a check making sure that it's within IRS limits, did you transfer money to a co-owned account and let your kids move money from there? Other ways?
Thanks!