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URL:  https://boards.fool.com/quotyou-dont-want-to-create-two-new-31163408.aspx

Subject:  Re: how to split a joint account Date:  3/12/2014  10:38 PM
Author:  hondochica Number:  120437 of 132488

"you don't want to create two new accounts" . . . so keep the joint acct for now - have my sister open a new account and transfer 14k of "her" stock and 'gift' (?) 14k of additional stock? Hold the remainder in my name in the original joint acct til next year?

Why am I determining the cost basis of the stock? Is that 14k of current value or of original cost basis? Don't see where that fits in. I wasn't thinking about 'stepped up cost basis' - I knew that didn't apply.

Thanks

Kelly
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