You'll need to sign in or create an account to connect with an expert.
yes. The value of a Maple Leaf is essentially the current per oz. price of gold, plus a small markup. (or in your case, on the day of the gift). That's why they are popular.
[correction: The gift tax value is the value when given. Your basis is her basis at date of purchase.]
yes. The value of a Maple Leaf is essentially the current per oz. price of gold, plus a small markup. (or in your case, on the day of the gift). That's why they are popular.
[correction: The gift tax value is the value when given. Your basis is her basis at date of purchase.]
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
4896tree99
New Member
MojoMom777
Level 3
elauten
Returning Member
JeanetteK16
Level 2
Low_no
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.