A grandma wants to gift $50K in stock for her grandson's college — but $25,000 i

As college costs increase, students have been forced to take on a growing amount of debt. In fact, 47% of student borrowers with a bachelor's degree (1) owe mor

A grandma wants to gift $50K in stock for her grandson's college — but $25,000 i
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As college costs increase, students have been forced to take on a growing amount of debt. In fact, 47% of student borrowers with a bachelor's degree (1) owe more than $25,000 — and the average student loan balance among households with student debt is $52,138.

Getting family help covering the cost of a degree can reduce or even eliminate borrowing. But there are some things to think about, including how a financial gift can impact tax bills.

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Say, for example, that Ellen has $50,000 in appreciated stock that she paid $25,000 for years ago. She wants to give the money to her grandson to help pay for college, but she's worried that her gift could end up sticking him with a big tax bill, as she has $25,000 in unrealized gains.

What are Ellen's options in this situation to help her grandson without the IRS

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/grandma-wants-gift-50k-stock-093000492.html)

Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.