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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: OFW who wrote (2407)11/19/1999 1:04:00 PM
From: Kaye Thomas  Respond to of 5810
 
You don't report a gain when you make a gift. The basis and holding period transfer to the new owner (but with special rules if the stock has a loss instead of a gain). There's a page on my web site with basic tax rules for gifts:

fairmark.com

Kaye Thomas, author
Fairmark Press Tax Guide for Investors
fairmark.com