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[[I understand that I can gift $10,000 per year to anybody I choose without
incurring me or the recipient incurring taxes. ]]

Basically correct. But you can read much more about gift tax issues in the Taxes FAQ area. I would suggest that you check it out.

[[ Question: can I gift, say, $15,000 in stock and -$5000 in cash (negative cash
amount)without me or the recipient incurring taxes?]]

How do you give "negative" cash????? You would have to be a magician. There is no such thing as giving a gift of "netagive" cash.

So you'll have to explain how this "negative" cash issue comes about before I can answer the question. Are you talking about a debt against the stock (such as a mortgage balance)?? If that's the case, please say so and/or provide an example.

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