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Subject:  Stock Gift Tax basis Date:  1/15/1999  9:27 PM
Author:  opus111 Number:  8458 of 129771

I gave my children csco which I had held for about 2 years. If I pay the capital gains on this stock from the time i bought it until the day I transferred it to their accouts, is their cost basis that of the day of transfer or does it revert to when I purchased the stock?

thanks for a reply
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