I'm no tax expert. I think I remember a Suzie Orman commercial saying do not gift appreciated stock. I think the reasoning was that you are also passing on an unpaid tax bill, so the gift is smaller than it appears. Like most tax issues, everybody's situation is different, and no blanket statement can possibly apply to everyone.Motley Fool has an discussion of this: http://www.fool.com/taxes/2002/taxes020531.htm
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