Gift of stock - simple one

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  • TAXNJ
    Senior Member
    • Jan 2007
    • 2106
    #1

    Gift of stock - simple one

    Grandfather gives grandson a gift of stock 25 years ago.

    Grandson wants to know if he has a basis because he just sold it for a nice gain.

    What do you tell him?
    Always cite your source for support to defend your opinion
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      Don't waste your time. Not necessary to reply. Tried deleting post but will not allow
      Always cite your source for support to defend your opinion

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