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To: Boca_PETE who wrote (4121)	3/14/1998 3:38:00 PM
From: Joe Basile	Read Replies (2) \| Respond to of 42834

Re: "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". Exactly right, an exception to the rule is if the money is received via a will. Then, the cost basis is the value of the stock when it is received. Apologies for my previous post, obviously I was "waaaaay" out in the weeds. That is the beauty of this thread, it helps me learn things I otherwise wouldn't have learned, or even thought of. Regards, Joe