Announcement

Collapse
No announcement yet.

intra-family transfer of assets

Collapse
X
 
  • Time
  • Show
Clear All
new posts

  • jfoxcpacfp
    replied
    Does he have earned income? Yes, you can contribute cash to his IRA. He will be deemed to have made the contribution via a gift from you. You cannot contribute appreciated assets.

    Leave a comment:


  • jz
    started a topic intra-family transfer of assets

    intra-family transfer of assets

    I am the  cheerleader, internet access, monitor, and advisor  for my brother's traditional IRA which he never maxes out. He also has a 401k.  He is age 55 and does not use the internet. Could I transfer a gift of  my  assets to his traditional IRA? either in the form of cash or appreciated assets?
Working...
X
😀
🥰
🤢
😎
😡
👍
👎