TaxService Date: 1/27/99 3:19 PM Number: 9072
When it comes to gifting stock, generally:), your basis is passed on to the person to whom you make the gift. If the stock was worth $15,000 and your basis was only $10,000, the amount of that gift would be $10,000.

Are you sure about this? I thought it was a $15,000 gift, and the recipient had a $10,000 basis in the stock. This could be important to me; I've been studying the possible uses of some stock I have with essentially zero basis.