I have similar questions so let me make sure I understand correctly. In my situation, I want to gift my son and daughter 150 shares each of a stock.I bought at $54/share November last year. Currrently, the price of the stock is at $60. If I gift the shares todya, they will inherit my basis which is $54/share and they will be able to report as capital gain if they sold the shares after one year.Is this correct ???Thanks,Ray
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