Investors & landlords

Since you sold the stock at a gain over its FMV at the time of the gift, your cost basis is the donor's original cost basis (called the "carryover basis") in the stock.

So, in order to determine your  taxable capital gain, you need to know the donor's original cost basis (their original purchase price plus any commission).

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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