I plan to gift shares of a mutual fund to a grandchildIf 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?
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,