3399044
Do I have to pay a capital gains tax on a gift of "stock" to a family member?
You'll need to sign in or create an account to connect with an expert.
No, but...
When the recipient sells the stock, they will pay capital gains based on your cost basis (your purchase price, with adjustments for splits and so on). So you will be greatly helping the recipient if you give them documents to prove your basis.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jeremy-v12
New Member
user17523314011
Returning Member
user17525940873
New Member
user17515687217
New Member
colby-huddleston12
New Member