Removing child from joint account I added an adult child's name onto a large bank account some years ago. I recently had second thoughts about this and now want to transfer all the money in that account to a new bank account (with the adult child's knowledge), so I would again be the only name on the account. My concern is, will the IRS question this transfer in some negative way when the transfer is reported by the old and new banks? Thank you for your opinions. |