Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
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
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.