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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (83952)8/8/2007 12:40:22 PM
From: John ChenRead Replies (2) | Respond to of 306849
 
tradelite,re:"No Tax on the Person Receiving your Gift or
Estate".

What is the cost base of a stock that I received, when I
sell it ?

Is it the closing price at time of the stock transfer ?

or

Is it the 'original cost' of the donor ?

Thanks in advance.



To: Tradelite who wrote (83952)8/8/2007 12:57:20 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
I'll bet a lot of people's kids could be classified as charities....although not qualified ones!

I think people give their kids down payments to keep them from continually moving back in with them. If that's their strategy in moving back in with Mom, it's working.


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