Personal Finance & Money Asked by Libertarian on May 22, 2021
can I transfer stocks from brokerage account(of son/me, US resident) held with broker firm X to brokerage account (of father, non-US resident, in US only) held with broker firm Y? as a Gift
Do I need to use DTC?
Please note both X and Y are US-based broker firms. Both brokerage accounts are in USA. Heance, Both brokerage accounts are US based.
For outgoing/source account, the account holder is US resident(H1B visa) and
for incoming/destination account, the account holder is Indian National.
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