Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of Tax | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search Tax
Shrewd'm.com Merry shrewd investors
Best Of Tax | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search Tax

Personal Finance Topics / Tax Strategies
Unthreaded | Threaded | Whole Thread (5) |
Author: Aussi ✧🐝  😊 😞
Number: of 68 
Subject: Gift Tax and Stock Basis
Date: 11/27/2024 4:35 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
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
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (5) |


Announcements
Tax Strategies FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of Tax | Best Of | Favourites & Replies | All Boards | Followed Shrewds