Destiny Media Tech Inc (DSNY): you can open a separate trust account or...

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Destiny Media Tech Inc (DSNY)

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Re: ztockings post# 6509

Friday, 12/06/2013 12:00:10 AM

Friday, December 06, 2013 12:00:10 AM

you can open a separate trust account or simply open a second regular account to keep it separate

...of course you pay the taxes on it the separate account and they pay on a trust account

...or just transfer stock "in kind" to trust account..up to $14k a year in value, tax free, as a "gift" to them...and you should not incur tax on appreciation...it should not reflect on statement as a sale ...which would be the smarter thing to do. (but have to check with your broker's tax department)

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