I would like to give my sister-in-law a loan to start a business. Unfortunately, my money is tied up in mutual funds. I want to avoid selling my mutual fund shares and giving her cash ? thus incurring capital gains on my investment. Is there anyway I could transfer the mutual fund shares directly to her without incurring capital gains and thus having to pay the associated tax? She would be in a much better financial position to pay the capital gains when she converts the mutual fund investments to cash.
- posted
16 years ago
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