[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | Free Show | Home]

Sharing finances

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 13
Thread images: 1

File: taxes.jpg (89KB, 400x400px) Image search: [Google]
taxes.jpg
89KB, 400x400px
Girlfriend has $15k in her savings account. Just sitting there.

She wants to give me $10k to invest so I can invest it for her.

How does this work tax-wise?
>>
>>1850690
>to invest so I can invest
lol fuck my brain
>>
>>1850690
bump
>>
Invest in kneepads
>>
lookup gift tax or just dont be an autist and open a joint bank account
>>
>>1850690
10k is jack shit, bud.
However, whatever brokerage you do your investing with will keep tabs on you for the IRS.
All you have to do is file at the end of the year.
>>
Why don't you just invest it under her name
>>
>>1850743
thanks for the tip.

it looks like if she was to give me $10k, it would fall under the gift tax limit of $14k and neither of us would have to pay taxes on it...

that seems too good to be true
>>
>>1850755
Rich families have lots of kids. This is why.
>>
>>1850755
Cuck. You seem eager to pay for this devilish state. Fucking faggot.
>>
>>1850905
devilish state? explain further
>>
>>1850755

It's not too good to be true. It's just the way things work under the IRS rules.

If she gifts you the money and you invest it in your account, then you'll owe the taxes on the investment gains/dividends. That's the downside.
>>
>>1850690
>She wants to give me $10k to invest so I can invest it for her.
Don't fucking do this. Don't touch her money and don't let her touch your money or you're inviting problems.

If she wants to invest then give her some resources and education material so she can learn herself.
Thread posts: 13
Thread images: 1


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/


If you need a post removed click on it's [Report] button and follow the instruction.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com.
If you like this website please support us by donating with Bitcoins at 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
All trademarks and copyrights on this page are owned by their respective parties.
Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site.
This means that RandomArchive shows their content, archived.
If you need information for a Poster - contact them.