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Tax consequences of gifting stock





Received as a Gift?
Your financial advisor, working with your tax advisor and attorney, can provide you more information about how gifting stocks may benefit your individual situation.
Transferring wealth and providing financial assistance.Donors typically want to maximize the amount of wealth they can transfer under these amounts.You can give each child up to 15,000 a year without being tax.What methods are used essex days out vouchers to gift stocks?But there comes a time when you may consider what will happen after youre gone.Things You Want to Know About Investing but Are Afraid to AskPart.If you donate appreciated stocks that youve held for more than a year to a public charity such as a religious or an educational institution, or an organization that does medical research you can typically take a tax deduction for the full fair market value.To illustrate: if the person making the gift (the donor) gifts 15,000 cash to the person receiving the gift (the donee the cost basis of the gift would be 15,000.If you hold the shares in a brokerage account, you can simply re-title the shares in the name of the person to whom you want to gift the stock.If you exceed this, though, never fear.



If the stock is sold for less than its market value at the time of the gift for example, 6 your loved one's cost basis will be 8, and his or her capital loss will be 2 a share.
There are limits to this, however.
If you were planning to shift some money your childrens way anyway, this can be a great way to take care of them while also avoiding a hefty tax.
Figuring out your cost basis: If you sell the shares for a gain, use the donor's cost basis and purchase date as your cost basis and purchase/acquisition date to characterize your realized capital gain.In addition, the lifetime individual gift tax exemption amount.49 million in 2017.Cash, the cost basis of cash is the value of the cash when gifted.Social Security: Should You Wait Until Age 70 To Collect?You may someday decide to give stocks to family members or a charitable organization.



If, instead of gifting, you were to hold the assets until your death and they appreciate in value, the entire value of those assets will be includible in your estate and may be subject to estate taxes.
That's because there are different ways of valuing stock depending on whether it's for gift or income taxes.


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