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Author: maestro3000 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121180  
Subject: Another Gift Tax Question Date: 5/8/2006 12:20 PM
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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.
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