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<<Also, as a second question: I need only pay capital gains taxes on gains made on the stock between the time it was given to me and the time that I actually sell it, right? (Rather than between the original purchase date back in the '40s and now...)>>

Hop over to the women & investing board(look for the thread on gifting stocks and other assets) because we JUST talked about this. Your basis is the giftors basis - sorry

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