What would be the tax implications if I gifted securites (stock, ETFs etc) to my spouse? We are both US born citizens. I ask because we don't qualify for any of the married-filing-jointly tax credits (EIC, education etc) and would like to file married-separately as my income is much higher than my spouse's and my spouse would fall into a much lower tax bracket and would also be under the NIIT cap. Can I gift/transfer securities in my name to my spouse, and then ongoing dividends/interest etc would be taxed at her rate? I understand basis for cap gains should she sell would still be my original basis.
Thanks!
