Before I went to college, I was advised to lessen my financial responsibility (I was considering a pricey school) by transferring my holdings to my parents name. Somehow these "experts" said I would be likely to have to contribute this money to tuition. That amount is now worth about $7,000 that I would like back without lots of tax headaches. Can I get it back all at once, or should I take it back a little at a time? (I plan on this being IRA money-$2k is already back in my name in a Roth IRA.) Or is there another way I can take this all back into my name immediately, with or without designating it an IRA? Thanks for any tips!
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.