Change of Brokerage Account Registration: Taxable Event?

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stargazer
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Change of Brokerage Account Registration: Taxable Event?

Post by stargazer »

I have a brokerage account containing shares of stocks and mutual funds, all purchased entirely in my name before marriage. The account title is currently in my name only.

I am contemplating add my wife's name to the account as the second account holder (change of registration). Question: Would this be a taxable event? Please explain.

Thank you.

stargazer
brawlrats
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Re: Change of Brokerage Account Registration: Taxable Event?

Post by brawlrats »

As long as nothing is sold and realized, adding your wife is not a taxable event.
quietseas
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Re: Change of Brokerage Account Registration: Taxable Event?

Post by quietseas »

You'd want to consider carefully whether you co-mingle your pre-marital assets with your marital assets. It's a very personal choice.
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Eagle33
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Re: Change of Brokerage Account Registration: Taxable Event?

Post by Eagle33 »

Depends if you are not both US citizens and on the amount of the account.
Are Gifts Made to Your Spouse Taxable?
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rkhusky
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Re: Change of Brokerage Account Registration: Taxable Event?

Post by rkhusky »

Eagle33 wrote: Fri Jan 14, 2022 6:17 pm Depends if you are not both US citizens and on the amount of the account.
Are Gifts Made to Your Spouse Taxable?
The author of that article thinks you have to pay gift tax if the the gift is more than $15K. Take with a grain of salt.
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LadyGeek
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Re: Change of Brokerage Account Registration: Taxable Event?

Post by LadyGeek »

I removed an off-topic post. As a reminder, see: General Etiquette
At all times we must conduct ourselves in a respectful manner to other posters. Attacks on individuals, insults, name calling, trolling, baiting or other attempts to sow dissension are not acceptable.
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magnusw
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Re: Change of Brokerage Account Registration: Taxable Event?

Post by magnusw »

Why not just add her as beneficiary?
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