Row 9708

Row ID: 9708 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 9708 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

A UGMA is basically a taxable brokerage account. It’s not treated at all like an IRA. A minor can’t own it directly (I guess) so there is a *custodian* an adult who manages the account. The custodian has a fiduciary duty to the minor, cannot take money out to use it on anything else, that’s embezzlement.

There are special tax rules for minors and *unearned income* which are collectively referred to as the “kiddie tax.” Basically the first 1250 USD is tax free, the next 1250 USD is subject to the child’s marginal capital gains rate (usually zero), everything above that is taxed at the parent’s marginal tax rate.

FieldValue
text A UGMA is basically a taxable brokerage account. It’s not treated at all like an IRA. A minor can’t own it directly (I guess) so there is a *custodian* an adult who manages the account. The custodian has a fiduciary duty to the minor, cannot take money out to use it on anything else, that’s embezzlement. There are special tax rules for minors and *unearned income* which are collectively referred to as the “kiddie tax.” Basically the first 1250 USD is tax free, the next 1250 USD is subject to …
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-20
username_encoded Z0FBQUFBQm5Lakw1RXNpSnUwRm05Zmp4ekgwbm5rcmtzTHVtWFcwS29ZOEtzZHZ2VkZmOW8zNVdnMG8tTVBVRlhUcndpQ1g4N0tjeVFBM3BvZzVsWnpIcnF1bjVkMTUtVmc9PQ==
url_encoded Z0FBQUFBQm5Lak9JVUEyU25wUFZNZEhIcHJBSVdWdXhuTWNLWUNyOXdQR1BHWi1uSnNPcWNwM3llQVQyc245WlJPSFFsNHQyaFc0NVNjdXNaX2ZlZnRKSTNvM0p0Qi1Mc2RoWk5pU1QwdVRFbzV2M3ZkckEyWGtfb3NVQmVNbThha2hqNGRhTXc2T0tJQTdQWGc0M2o5N0lTVDJtcWpad1VMalBMWkQzY3JqdmxaRFZQQXRkTlBOMTJQS0NhZ2xzOU8taFlnaUJxcnJsWHpoUzRCNy1iU0szakg3ZGR1M25Fdz09

Raw Record

{
  "text": "A UGMA is basically a taxable brokerage account. It’s not treated at all like an IRA. A minor can’t own it directly (I guess) so there is a *custodian* an adult who manages the account. The custodian has a fiduciary duty to the minor, cannot take money out to use it on anything else, that’s embezzlement. \n\nThere are special tax rules for minors and *unearned income* which are collectively referred to as the “kiddie tax.”  Basically the first 1250 USD is tax free, the next 1250 USD is subject to the child’s marginal capital gains rate (usually zero), everything above that is taxed at the parent’s marginal tax rate.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw1RXNpSnUwRm05Zmp4ekgwbm5rcmtzTHVtWFcwS29ZOEtzZHZ2VkZmOW8zNVdnMG8tTVBVRlhUcndpQ1g4N0tjeVFBM3BvZzVsWnpIcnF1bjVkMTUtVmc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9JVUEyU25wUFZNZEhIcHJBSVdWdXhuTWNLWUNyOXdQR1BHWi1uSnNPcWNwM3llQVQyc245WlJPSFFsNHQyaFc0NVNjdXNaX2ZlZnRKSTNvM0p0Qi1Mc2RoWk5pU1QwdVRFbzV2M3ZkckEyWGtfb3NVQmVNbThha2hqNGRhTXc2T0tJQTdQWGc0M2o5N0lTVDJtcWpad1VMalBMWkQzY3JqdmxaRFZQQXRkTlBOMTJQS0NhZ2xzOU8taFlnaUJxcnJsWHpoUzRCNy1iU0szakg3ZGR1M25Fdz09"
}
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