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Financial Planning / Tax Strategies


Subject:  Capital gains Date:  2/2/2000  2:48 PM
Author:  RBS40 Number:  26802 of 127513

The company I work for was recently bought out.

I bought shares in the company for $.20. The company that bought us is trading in the $230 range. I would like to gift my 2 kids (ages 7 & 9) $10k each in shares and put it in a custodial account to start saving for college.

If I sell all the stock I will have a large capital gain.

Is this a good idea or are there better ones??
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