Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: craigbw Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124931  
Subject: Re: Stock as a gift Date: 9/11/1997 12:29 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
>> Not enough information to really respond. I'll stand by my previous answer, Craig. The IRS would look to ALL of the substantive issues regarding the transactions. But giving mom a gift, only to have her give it back to you in some way, shape, or form could certainly cause you a problem. If mom has a history of giving you a $1,000 gift per year, and then, in the year that you gift her the stock and she sells it, she begins to give you $10k annually, there could be a problem.

This is a REAL grey area. And the substance will be more important than the form. <<

This gets to the heart of my question. Assume that I do give $10,000 worth of stock as a gift and in the same year mom gives me $1,000 worth of gifts of some kind or another. What I am curious to know is whether or not this $1,000 gift somehow dilutes the tax advantage of giving appreciated stocks to someone in a lower tax bracket. My assumption is that it would cause no problem because it will not even appear to be a payment for the MUCH larger gift. I ask becauuse I know that assuming things about taxes is always a bad idea.

Thank you for all of your help.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.