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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121112  
Subject: Re: tax on sale of gift stock Date: 3/8/2001 11:03 PM
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QUESTION: what is my cost basis of the sold stock for tax reporting purposes on my 2000 Schedule D?

Your date acquired is the date the donor bought the stock. Your starting point basis is the donor's basis. If you sold for a gain from that basis, that's the basis you use. If you sold for a loss from that basis, see Publication 551.

Phil Marti
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