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Giving mutual funds to grandchild
I am retired and have Mutual Funds I have had for years. Being S&P Mutual Funds I have not paid a lot of taxes on them because they did not trade. I kept it totally legal. I would like to give my grandkids some of the funds without myself paying taxes or having them pay taxes. I do not want to sell them I think. Is this possible? What do I need to know? It would be $10,000 or less or is there a limit.?
‎July 15, 2021
10:29 AM