Christmas morning puts a smile on millions of children all across the country. However, the children don't necessarily have to be the only ones with a smile on their faces. By providing certain gifts to children, parents can ensure that there is no taxation on the gains of some their investments. Specifically, gifting appreciated stock, other investments, or providing for their education, parents can protect certain income from facing taxation.
See Liz Davidson, "3 Tax Savvy Gifts for Children," Forbes.com (Dec. 21, 2011).
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
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