Personal Investments • Cost Basis For Kids When Gifted with Stocks

Will they then carry my original cost basis of $30?

Yes.

Or, does the Step-Up cost basis rule apply, i.e., basis reset to $100 which is the price at the time of transfer?

This rule covers the case in which your kids received them because you died (and what you left behind was potentially subject to estate tax). I assume that's not the situation you're talking about.

Statistics: Posted by increment — Tue Oct 08, 2024 10:16 pm — Replies 1 — Views 82

---