I think you will need to let the recipient(s) know the "basis" for any stocks you gift to them too.
I'm pretty sure a stepped-up basis does not apply to gifted stocks, and they will have to use your basis if the recipient sells the stock at some future date. The brokerages involved may or may not have/transfer that basis.
@Opus 17 @rjs Am I correct here? Or off base with this advice?
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
