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worldtraveler78
Level 2

"Gift" vs "Non-gift"

As part of my divorce settlement, I have to transfer some stocks from my trading account, to my ex-wife. In the form that my Brokerage Firm has me fill, they ask whether this is a "Gift" or a "Non-Gift".  Shouldn't I choose "Non-Gift". Is there any tax implication to the same? My brokerage account is a post-tax (non 401-K) account. 

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‎April 12, 2021 8:59 PM
last updated ‎April 12, 2021 8:59 PM
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macuser_22
Level 15
Level 15

"Gift" vs "Non-gift"

A settlement is NOT a gift.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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‎April 12, 2021 9:01 PM
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macuser_22
Level 15
Level 15

"Gift" vs "Non-gift"

A settlement is NOT a gift.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 12, 2021 9:01 PM
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