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Author: bighairymike   😊 😞
Number: of 75 
Subject: Re: Gift Tax and Stock Basis
Date: 11/27/2024 6:42 PM
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If I have stock that has appreciated a lot, say $10 to $100/share, can I gift 180 shares ($18,000 worth) to my son. I pay no tax as I haven't sold the stock, and the cost basis for him is $100/share, so he can sell with no capital gains tax? Then he can gift me $18,000?

Aussi

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When you gift an asset to another party, you also gift your basis along with it.

In your example, you son's basis in the stock is $10. If you died and he inherited the stock then his basis would step up to $100, so that may be what you are thinking of.
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