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Author: angelbuggy Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Re: Children Owning Stock Date: 1/1/2002 11:06 PM
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Here's a TMF article on the nasty gift tax issue (applies to gifts exceeding $10,000 per year from one person to another person):
http://www.fool.com/school/taxes/1998/taxes980521.htm


actually, that article needs updating. it says that the unified credit gradually rises to $1 million in 2006, but the cap was recently raised to that amount for 2002, and already is in effect.

ab

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