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WCI #320: Investment Accounts

White Coat Investor Podcast

The Tax Implications of Uniform Transfer to Miners Accounts

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Steve from Texas: My wife's parents recently opened UTMA accounts for each of our teenage sons. The money from this investment account is generally taxed at a very low rate, much lower than your rate. What you need to be aware of though is the kitty tax that says you can't put all this money into a UGMA Account just to get out of paying taxes.

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