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Author: lhommedieu Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Gift of Stocks Date: 7/11/1999 3:58 PM
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I was gifted stocks valued at $10,000 in 1992. I sold them in 1999. For purposes of figuring capital gains, do I use the donor's basis when he bought the stock back in 1941, or is the basis different because of the market value of the stock just before it was gifted in 1992.

Thanks for your help.
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