LEH2014
Level 1
11-11-2020
06:54 PM
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Hi
I am planning to withdraw 15k from my mutual fund account (all interest earned monies) to give as a gift to my grandson. Will I be taxed on this withdrawal? Can my wife also contribute 15k to our other granchild in the same year?
thanks
5 Comments 5
IRonMaN
Level 15
11-11-2020
06:58 PM
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Hi there,
You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
Cheers!
Sorry, that's pretty lame but that's the most polite way to tell you that you landed in the wrong county --------- maybe even the wrong state.
Ukraine - hang in there
Level 9
11-11-2020
10:28 PM
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I wish more of my clients would ask that question..... and he was pleasant..... so... Don’t take the distribution from a qualified account!
If at first you don’t succeed…..find a workaround