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[[We still haven't cleard up which day he should use for the value calculations.
When it goes in the mail? When it leaves his account?

The IRS told me last year that my holding period for a long term cap. gain began
when I "controlled" the shares. And I bet this is the key word in this case as well.
You probably control the shares right up to the instant they are transferred from
your account, and then that would be the day to use.]]

That may be what the IRS told you, but that's not quite correct.

When dealing with a gift, the gift is made when you irrevocably give up control of the asset in question. When stock is involved, it could be the day that it is transferred out of your account. But if there are instructions that you must MAIL to the broker, along with signed certificates, the gift date is likely the day that you MAILED the stock certificate to the broker. That may not be the same day that the donee receives the shares...but it would still likely be the date of your gift.

Any better??

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