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Subject:  Re: Capital Gains on Gift? Date:  4/14/2002  5:08 AM
Author:  pmarti Number:  60263 of 131129

My (now ex-) husband and I gave our son approximately 10K each worth of stock in 2000 and 2001 as gifts towards his college expenses.

Without reading the thread again I can't remember if I'm being redundant. Along with the cost basis, your gift also included your holding period. So, even though your son owned the stock for only a short time, his holding period goes back to your 1997 purchase.

Phil Marti
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