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Peter, did you notice the OP said that the stock was actually bought in his name from the get-go? I assume that would change things, right?

Yes, I did. And I kind of skirted the issue.

The question is when did the gift happen? When was the gift complete? When did the donor give up irrevocable control over the gift?

And that concerned me a bit. I noticed that the OP said the donor held onto the stock certificate for several weeks. That makes me question whether the gift was complete when the stock was purchased or when the paper certificate was finally transferred to the recipient.

Could the donor have converted that certificate back into his own funds? Was the gift irrevocable at the time the stock was purchased?

I don't know that one. So I gave the stock answer for gifts and just let the other question lie unasked and unanswered.

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