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[[You can donate and step up the basis- but you (the donor)have to die.

I think this may be a confusing statement. The only way you can give stock and
have a stepped up basis is to die and have it given through your will. This is
assuming, of course, that the stock has appreciated in price.]]

Right...if stock is "given" by inheritance, the person receiving the stock receives a "step up" in basis to the FMV of the stock at the date of death.

But if appreciated stock is gifted, the person receiving the stock will have to retain the basis and holding person of the person giving the stock. So the gain on the stock will stay with the stock.

TMF Taxes
Roy
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