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16. A parent in a high tax brackets wants to gift income producing property (such as stocks and bonds) to their child, who is in
16. A parent in a high tax brackets wants to gift income producing property (such as stocks and bonds) to their child, who is in a low tax bracket, in order to shift income and collectively save the family money in taxes. What issues might this parent need to be aware of? (i.e., how would you advise this person?)
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