Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Jack Spratt who wrote (4116)	3/14/1998 2:32:00 PM
From: Boca_PETE	Read Replies (1) of 42834

JackS: RE:<won't I get reamed on capital gains?> Your basis on the MRK for purposes of figuring cap gains tax would be the donor's cost basis PLUS the gift tax attributable to the increase in value of the shares at the time of the gift (E.G., $45 less donor's cost basis = increase in value multiplied by the applicable gift tax rate = gift tax applicable to donor's increase in value at the time of the gift). In short, your cap gain tax would be figured on more than the difference between MRK's share value at sale less the $45 value at the time you got the gift. P

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