Hi everyone, I’m trying to plan to buy a car for my child when she turns 18 using a custodial account is that something that I could do or does something that my child has to buy on her own once she turns 18? And if that’s the case, we’ll see have to pay taxes on those expenditures.
original posted by BTT123456789 to r/personalfinance on Wed, 28 Feb 2024 05:12:03 GMT.