Hi. I wanted to set up a custodial account for my son.I wanted to get started while he is still young...he iscurrently 8 weeks old ;-)I read some stuff on this site that said I should try to keep his unearned income below $650 until he is 14.My question is, if I gift him stock and never sell it (at least until he is 14) and that stock doesnt give out dividends then will I have any income to worry about?If not, then is there a limit as to how much I can give?Finally, the stock I want to give him is from an Employee Stock Purchase Plan where my employer let me buy at 85% of market price. I am assuming that I would have to pay the 15% at the time of selling not gifting.Thanks
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