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I don't know the basis of the donor.

Then you need to find out what it is - along with the purchase date (or dates). There really is no way to answer the rest of your question without that information.

Should both the capital gain and lose be based on the time of gift? For instance, at the time of gift was $10, it went up to $15 and now come down to $8. Assume that I sell the stock at the current price, then do I need to pay captial gain? Thanks again for your help!

As noted in a previous response, gain is figured from the donor's cost basis, and loss from the lower of the donor's basis or the FMV on the date of the gift. Without knowing the donor's basis, your question is not answerable. Athough I can say that you WILL need to report the sale when you sell. It's what exactly to report that can't be answered without the donor's basis info.

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