Tax Question

[ang_99]

Is there a way to transfer not just the assets of a brokerage
account but also the capital gains and loss created from short
term trading to another parties account. So in effect the
other person would be responsible for the tax liability and
not the account where the trades were executed?

Thanks.

 

[Free Thinker]

no

 

[TipTopTrader]

Short answer: No can do. What you are proposing amounts to an "assignment of income" from one taxpayer (you) to another (the entity that will hold the brokerage account for the future). Assignments of income are absolutely forbidden.