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URL:  https://boards.fool.com/i-think-i-have-a-handle-on-the-taxes-owed-in-31181808.aspx

Subject:  Re: Tax handling of gifts under the annual exemp Date:  3/25/2014  4:11 PM
Author:  rdy2go Number:  120575 of 132102

I think I have a handle on the taxes owed in selling the $4K and future sale of the transferred securities. Going back to my original post, the key piece for me is

My understanding was that, that since the gift is under the 28K annual gift exception limit, neither we or my son had to declare anything.

So the question is if we or our son have to declare the actual gifting fact.

My thinking is that we do not have to.
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