No. of Recommendations: 0
WandaJLA Date: 6/23/99 4:02 PM Number: 11483
5. Can I give my sister cash as I accumulae, have her invest it in her name, and when the time is right, gift it to me in stock? or is there a better way?

I think the Tax Strategies Board is you best bet for a reliable answer. There are some moral issues about the appropriateness of your actions, but I'm not going there.

I think this works as long as no more than $10,000 goes either way in any one year, and to the extent you can trust your sister. To make it work, you need to really give it to her, which means she is under no legal obligation to give it back to you. If you exceed $10,000 in a year, or your sister exceeds $10,000 in a year at the return time, you start to affect estate tazes at your (or your sister's) death.
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