So I have been using my father's robinhood account to invest at an early age as I thought when I am older I could transfer it and gift it to me. I am 19 years old and there is about 25K in the account and after some research I found out robinhood doesn't have a feature to gift stocks. Is there a way to transfer the stocks without selling the shares or any tax implications like moving the stocks to a different broker and transferring?
I am aware of the gift tax limit of 17000 and was wondering if there is a way to be gifted 17k in stock this year and the rest next year.
original posted by Single_Guide_9427 to r/personalfinance on Wed, 13 Mar 2024 15:54:56 GMT.