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Kuroro
Returning Member

US resident gifting US stocks and options to foreign individuals, any suggestions and tax form needed to be filed?

Hello,

I am a US resident, and currently holding some US stocks and options for short-term investment in profits.

 

If I gift some securities to my parents who are non-resident alien foreigners by the end of 2020 with less than $15000 fair value each, via position transfer within the same US broker firm to my parents' individual investment accounts, I assume that I don't have to pay any tax, including capital gains and gifting tax, for these position transfers, am I correct?

 

Is there anything I have to pay attention to, such as any tax form I have to file by doing this?

 

Thanks!

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1 Reply

US resident gifting US stocks and options to foreign individuals, any suggestions and tax form needed to be filed?

I assume that I don't have to pay any tax, including capital gains and gifting tax, for these position transfers, am I correct?   CORRECT

 

Is there anything I have to pay attention to, such as any tax form I have to file by doing this?  NO TAX FORMS

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