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capital gains tax liability for gifts of stock (Wills & Trusts)

Mon, 03 Apr 2000 16:48:00 GMT

If I give my son stock which has appreciated to a value of $10,000.00, what is capital gains tax liability? If/when he sells it who pays capital gains taxes, and what is the cost basis?
e.g. I know that if he were to inherit the stock, his cost basis would be its value at the time of my death. What is the cost basis if I'm still alive when he gets the stock?

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  • Tue, 04 Apr 2000 13:04:00 GMT(1)
  • The basis of gifted shares is usually their basis in the hands of the donor -- or the value on date of gift, if lower.
  • Fri, 21 Apr 2000 15:48:00 GMT(2)
  • You can give 10k per year to as many people as you want. Your at the limit so you point is null and void.
  • Leave a Comment Now.

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