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A comment on IRS reminds taxpayers to report virtual currency transactions. Parent comment
It's a risk if the kid doesn't end up going to college; you end up paying, I think, regular taxes on the earnings plus like 10% penalty.
Still, 17 years of tax free growth would be a pretty good reward if the kid does go to school.
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It's a risk if the kid doesn't end up going to college; you end up paying, I think, regular taxes on the earnings plus like 10% penalty.
Still, 17 years of tax free growth would be a pretty good reward if the kid does go to school.