Thank you.
I guess we are to make our best guess as to what the rules are so we can hope to follow them.
I am going to give them. I still have no idea how one records or proves their base value at the time they are gifted. Given that my son and daughter are in their 20s and who’ll likely sell them in the next year or two, the transaction would not be reported since it be so far below $10K. After many hours of searching articles over the past few months, that is all I can gather.
