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In reading Roy's 1/5/01 column on purchase date qualification for five year holding capital gains rate reduction he does NOT repeat the caveat that stock must be acquired after 1/1/01 to qualify for 8% rate if taxpayer is in 15% tax bracket. Does this mean that if I gift stock I purchased in 1990 to grandchild in 15% bracket grandchild's tax on gain at time of sale will be at the 8% rate rather than 10%?
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