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URL:
http://boards.fool.com/gift-stock-sale-13371995.aspx
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| Subject: Gift Stock sale | Date: 9/26/2000 1:39 PM | |
| Author: TMFShogun | Number: 40318 of 118626 | |
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Hi, Without mentioning any ticker symbols, I'll get right to it: I'm trying to find information about selling a stock that was purchased for my be my dad one year ago (thanks, Da). The value of the stock has gone down since it was purchased and I want to sell some of my shares. Since my actual cost basis was $0 (b/c the stock was given to me) am I stuck with a capital gain? or can I count my dad's purchase as my own for capital loss purposes? Am I being clueless? Pardon the what may be basic questions, but this stuff is still pretty foreign to me, even though I'm a Fool! Thanks for any insight, TMFShogun |
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