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<< So if still want to do this, I give him my stake, and file a gift tax return. He pays no taxes on the Gift, but MY Unified Credit gets deducted by the amount.

So now, when tax time comes next year, he can now pay all the tax on the account based upon his tax bracket.

If I ever need money out of the account, He would have to gift it back to me, therefore reducing HIS Unified Credit? If this is correct, then I just need to see which may would be more profitable in the long haul. >>

You missed my point. What you're trying to do is illegal. Gifts come without strings. Your proposed arrangement does not involve gifts, it involves nominees and the intent to fraudulently reduce your taxes.

You're on your own with this one.

Phil Marti
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