Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
Understand each parent can gift $14k of stock to each kid.
So 2 parents together can gift $28k to a child.
If one spouse works for Megacorp and has shares of Megacorp in an equity grant account, can they gift $28k to a child to cover both spouse's gift ?
Or can one only give $14k of stock to kid - since shares are in only one spouses name (I presume) ?
Or could spouse 1. transfer Megacorp shares from company equity account to a joint spousal account and then 2. transfer $28k to kid ($14 from each spouse) ?
Thanks for any thoughts.
So 2 parents together can gift $28k to a child.
If one spouse works for Megacorp and has shares of Megacorp in an equity grant account, can they gift $28k to a child to cover both spouse's gift ?
Or can one only give $14k of stock to kid - since shares are in only one spouses name (I presume) ?
Or could spouse 1. transfer Megacorp shares from company equity account to a joint spousal account and then 2. transfer $28k to kid ($14 from each spouse) ?
Thanks for any thoughts.