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Technology Stocks : How high will Microsoft fly?
MSFT 472.22-1.3%Nov 21 9:30 AM EST

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To: t2 who wrote (28855)8/29/1999 11:43:00 PM
From: James B. Ditsworth  Read Replies (3) of 74651
 
<OT>:

To the thread:

I'm probably in the same situation as some of the readers of this thread: specifically, I am sitting on beaucoup capital gains with MSFT, having purchased the stock in 1994.

I am aware of a step-up in cost basis at the time of my death if the stock is passed on to my wife (the stock is in my name). But -

Is anybody familiar of any other situations where a step-up in cost basis can occur? Gifting to minors? Other beneficiaries? Gifting to an irrevocable trust?

Thanks very much for any information which you can provide.

Regards to all MSFT Longs.

JDitsworth
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