I know the sale needs to be under her ssn and it will, but I'm worried about any other tax implcations if the proceeds go to my account. I manage her money and move money to her checking account from mine.
Thank you
It should not be a problem taxwise, unless your Mother claims that she did not authorize this.
The proceeds don't go into your account they go into your mom's broker settlement account.
If you have access to withdraw cash, that has nothing to do with stocks transactions in her account.
thank you very much, it's a strange account in a broker call computershare...they don't hold cash and your account is tied directly to one stock. Proceeds go directly into a checking account...i was wondering if the gift tax may affect tax implications? it's over 14k...