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.