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I looked in the FAQ's for an answer to this question, and was not able to find it in detail. My question is thus:

I was gifted 180 Shares of SBC. The date that they were gifted to me, they were worth, lets say $50 to be simple. When I sell, what are the tax implications?

1. What is the cost basis? Is it the cost when gifetd to me or the cost when originally purchased?

2. Is the holding period from when I get the gift, or when Grandma bought them?

Thanks for your help.
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