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Message
Gifting Stock to Pay for Tuition
Posted on 2/3/25 at 1:25 pm
Posted on 2/3/25 at 1:25 pm
Looking for some advice
If I gift a Stock to one of my kids, then she in turns sells it to payfor tuition, is she subject to taxes on the gains from cost basis or is there a work around?
Anyone had any luck ever paying for tuiton through a stock donation?
45K a year in tuition hurts
If I gift a Stock to one of my kids, then she in turns sells it to payfor tuition, is she subject to taxes on the gains from cost basis or is there a work around?
Anyone had any luck ever paying for tuiton through a stock donation?
45K a year in tuition hurts
3
Posted on 2/3/25 at 1:53 pm to finfeathersport
529 Plan: What it is, How it works
Also, per the gift tax, an individual is allowed to gift up to $19k tax free in 2025. Couples who file taxes married and jointly can gift up to $38k per year as of 2025
quote:
The money in a 529 plan grows tax-deferred until it is withdrawn. What's more, as long as the money is used for qualified education expenses as defined by the Internal Revenue Service (IRS), withdrawals aren't subject to either state or federal taxes. In addition, some states may offer tax deductions on contributions
Also, per the gift tax, an individual is allowed to gift up to $19k tax free in 2025. Couples who file taxes married and jointly can gift up to $38k per year as of 2025
This post was edited on 2/3/25 at 1:54 pm
Posted on 2/3/25 at 2:44 pm to spaceranger
I already have 529's in place for college, but definitly wont cover high school and college. Was hoping to find ways to benefit for donating stocks but doesnt look like that works because it would fall under the Kiddie Tax and still get stcuk payign the same damn amount.
Posted on 2/3/25 at 5:10 pm to finfeathersport
I read the thread title really quick and thought it said Grifting Stock to Pay for tuition. I was like holy shite, Paul Pelosi posts on TD.
Posted on 2/3/25 at 6:27 pm to finfeathersport
I think the rules are the “basis” on a gift to a kid is your basis.
If you die, and they inherit, the basis is the price the day you die.
LINK
If you die, and they inherit, the basis is the price the day you die.
LINK
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