How high will Microsoft fly? Message Board

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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: James B. Ditsworth who wrote (28865)	8/30/1999 3:47:00 PM
From: Gerald Walls	Read Replies (1) of 74651

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? Anyone that you would "give" shares to would have the same cost basis for tax purposes as you do. If you gifted to a charity then the charity has the same cost basis but since they're tax exempt the basis doesn't matter. The only way that I know of to raise the basis is to die. Of course then you have the Death Tax, euphemistically known as the Estate Tax, to contend with. I'd advise you to talk to a lawyer and estate planner on those matters.

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