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Sankarad1

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Sankarad1

Re: None

Thursday, 02/04/2021 3:48:24 PM

Thursday, February 04, 2021 3:48:24 PM

Post# of 692394
OT: A tax question

Being naïve, I opened a joint account with my son some time back, broker being same, and bought a small position in NWBO. The idea was to monitor the account until it gets to some size and pass the ownership completely to him.

1. Is that going to cause any tax head aches?
2. How complex is it to pass the total ownership to my son?

Appreciate any input. Thanks in advance

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