@curiousminds wrote:
When you say I would owe gift tax are you saying that is what the rate would be if you had already blown through your lifetime deduction?
You would not owe gift tax until you had "blown through" the exemption and that was the top marginal rate.
Regardless, does it make any sense whatsoever to you that a scenario exists where you would owe both capital gains tax and gift tax on the same transaction?
