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Subject:  Cost Basis Date:  6/10/2003  2:36 PM
Author:  WAW100 Number:  65759 of 127548

I plan to gift shares of a mutual fund to a grandchild

If my average cost basis is say $15 and the FMV on date of gift is $10 what is the cost basis to the child?

One other post indicated that if the child sold above $15 the basis is 15; but if sold at $12 the basis is $10. Is that right?
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