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http://boards.fool.com/if-my-average-cost-basis-is-say-15-and-the-fmv-19167917.aspx
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| Subject: Re: Cost Basis | Date: 6/10/2003 3:24 PM | |
| Author: reallyalldone | Number: 65761 of 127549 | |
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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? If you gift, it's your cost basis. If you die and they inherit, it's FMV on the death date(although there's another date that can be chosen for cost basis for inheritances). rad |
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