If stock was given to an a manager because of good performance , is it considered a gift. He did not pay anything for it .

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No, the stock is considered to be income and not a gift for tax purposes.

It does not matter that the manager did not pay anything for the stock.

His cost basis in the stock will be the value of the stock at the time he received it.

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No, the stock is considered to be income and not a gift for tax purposes.

It does not matter that the manager did not pay anything for the stock.

His cost basis in the stock will be the value of the stock at the time he received it.

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