QUESTION
i want to transfer or gift stock shares to siblings. Are there any tax implications for me?
Asked on Apr 11th, 2016 on Taxation - California
1 ANSWER
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You can gift up to $14,000 a year to each sibling. If you gift more than that, then you will have to file a gift tax return. Your siblings will receive your basis and holding period for the stock.
Answered on Apr 12th, 2016 at 7:26 AM