Can you buy a home all cash under your child's SS number in an UTMA? One for each child both different SS numbers so income would be 20,000ish per year putting them in low tax brackets while you manage the property until they are 21? this gives child opportunity to learn about investing with their own rental and also doesn't move you up too much in income because it is not your money it is your child's? Help? Anyone do this?
Hello, I’m also thinking of doing this but I haven’t gotten any good source of information. I talked to the trust company managing my self- directed IRA but they advice me to talk to an accountant.