Hi, I would like to give a gift of long term appreciated stock to my parents who are non-US citizens. I intend to gift the stock, sell it and then wire the money to them. Their country doesn't have gift taxes for gifts from a family member. I am wondering whether would I have to file a non-resident US income tax return for my parents in this case. If not, who pays the taxes on the appreciated stock when the stock is sold ?Thanks in advance for your response.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat