|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
http://boards.fool.com/to-andi123-the-irs-matches-up-the-1099s-sent-to-11904153.aspx
|
||
| Subject: Re: hid money in daughter's name | Date: 1/31/2000 7:01 PM | |
| Author: AEHL | Number: 26499 of 126011 | |
|
To andi123 The IRS matches up the 1099's sent to them by the paying agent (bank stating interest on the CD) The 1099 will go to the person owning the CD ie: your daughter. Best thing to do is to reimburse her for the tax she has to pay on the interest earned. It is a small amount - take her out to lunch!!! PS A gift, Inheritance and anything you own before marriage is considered separate property, and thus it is from your Father to you. |
||
| Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||