In your case, you mention the child is over 18, but has no income. Is the child your dependent? If so, you will save only a minor amount of taxes. The child will get the first $800 (or is it $850 - durn number changing every year - grrr!) tax free, and the next $800/850 at their rate, which is probably 5% for long term capital gains. The balance of the gain will be taxed at your rate.It's 2008, capital gains tax rate is 0% for the lowest brackets.Ira
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