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Personal Finance Topics / Tax Strategies
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Author: Aussi 🐝  😊 😞
Number: of 68 
Subject: Gift Tax and Stock Basis
Date: 11/27/2024 4:35 PM
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Is the following legal? It seems too easy.

If I have stock that has appreciated a lot, say $10 to $100/share, can I gift 180 shares ($18,000 worth) to my son. I pay no tax as I haven't sold the stock, and the cost basis for him is $100/share, so he can sell with no capital gains tax? Then he can gift me $18,000?

Aussi
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