In an effort to encourage my brother-in-law and his new wife to begin regular investing, I'm planning on giving them a few shares of stock as a wedding present along with information on the DRiP plan. I know he doesn't have to pay taxes on the shares until he sells them (as long as I don't give them more than $10,000 each), but I'm not sure how I account for the stock gift. Does it count the same as a sale and I pay the capital gains? When the company makes the stock transfer do they tell me the current cost for us to use as the cost basis? I've received stock as a gift before but never given it away, so any help with my fairly naive questions would be appreciated :-)
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