Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of TaxBest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of TaxBest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd

The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Tax Strategies
Unthreaded | Threaded | Whole Thread (5) |
Author: Smufty2 ✧  😊 😞
Number: of 80 
Subject: Re: Gift Tax and Stock Basis
Date: 11/28/24 11:41 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
I may be wrong, but I believe this is a bit of a loophole:

Say I were to give my son 30 1kg gold bars that I bought at $1500/oz to place in a safe deposit box and keep safe for me, with instructions that if I do not need the assets before I die they become his at my death; and at my death the bars are worth $3000/oz, then this, the value of gold on the day I died, becomes his cost basis when selling since I provided him no other documentation.

Smufty
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Smufty2 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
Unthreaded | Threaded | Whole Thread (5) |


Announcements
Tax Strategies FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of Tax | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community | Privacy