Tax Corner

Tax Planning with Appreciated Assets

Question: I own a stock portfolio which has appreciated significantly in value over the years. Can I transfer the portfolio to my aged mother and have her transfer it back to me upon her death so I can benefit from a step-up in basis when she dies?

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Non-interest bearing parent/child loans

Question: I loaned a sizeable sum to my daughter to enable her to purchase a residence.  While I expect to be repaid, there is no specific time for repayment and no interest will be paid on the loan.  What are the tax consequences of this arrangement?

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