<prompt> Human: This year Im hitting AMT, and it appears that having a dependent doesnt mean anything in AMT land. I read online in many places that I can gift stock to a person in a low tax bracket to avoid cap gains taxes entirely.10-15 bracket pays 0.The annual exclusion for 2014 and 2015 is 14,000.So my question is this. Can I gift 14k of stock a year to my 2 year old son, and sell them for himto cover his own expenses to avoid capital gains entirely, or is there anything im missing?EDIT: Thanks everyone for the responses. It sounds like kiddie tax kicks in unless I keep it under 2k cap gains, or I wait till my son turns 18 and I try this againthen the limit really just goes up higher.For the record im perfectly happy with paying my fair share of taxes, I just thought I may have come across a new loophole. It looks like its one thats been closed in the 1980s because of people taking advantage of the same thing.  <response>: Kiddie tax would probably apply, but read below for specifics. 