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Hi, TMF Pixy...

Trickpony wrote:
"[I]s there a limit as to how much [stock]I can give [to my son]?"

Your reply stated: "No, but if you wish to avoid gift taxes, then the gift should remain under $10,000. In this case, the value of the gift will be the market value of the stock on the date you transfer ownership of that stock."

Actually, if Trickpony is married, and his or her spouse consents, they may elect to "gift split" and Trickpony could gift up to $20,000 per year per donee with no gift tax consequences. "Gift-splitting" between spouses allows one spouse to utilize the $10,000 annual exclusion of the non-donating spouse in addition to his or her own. There is a very simple, one page, consent form that must be signed. This can be prepared by any competent tax preparer and signed at the same time annual tax return is signed.

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