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URL:  https://boards.fool.com/last-year-we-gifted-to-my-son-some-stocks-we-had-31180637.aspx

Subject:  Re: Tax handling of gifts under the annual exemp Date:  3/24/2014  9:47 PM
Author:  bmillz Number:  120566 of 130183

Last year we gifted to my son some stocks we had been grooming for him for years. Market value close to $20K. The transfer was done in three pieces, around $4K in cash, and the rest in two separate transfers of securities, account to account within Fidelity.

Was the $4k already cash or was it the result of a sale of securities? If the result of sale there is some reporting on that (included in one of your tax returns).
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