Gifting to a Spouse
Could a husband take a withdrawl from an IRA and avoid taxation if it is gifted to his wife (up to a max of $13k)?
Could a husband take a withdrawl from an IRA and avoid taxation if it is gifted to his wife (up to a max of $13k)?
Permalink Submitted by Alan - IRA critic on Fri, 2013-05-03 23:56
There is no limit on gifts to a spouse, but the withdrawal from the IRA will be taxable.