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Author: TMFShogun Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Gift Stock sale Date: 9/26/2000 1:39 PM
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Hi,

Without mentioning any ticker symbols, I'll get right to it:

I'm trying to find information about selling a stock that was purchased for my be my dad one year ago (thanks, Da). The value of the stock has gone down since it was purchased and I want to sell some of my shares.

Since my actual cost basis was $0 (b/c the stock was given to me) am I stuck with a capital gain? or can I count my dad's purchase as my own for capital loss purposes? Am I being clueless?

Pardon the what may be basic questions, but this stuff is still pretty foreign to me, even though I'm a Fool!

Thanks for any insight,

TMFShogun
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