WebJan 6, 2024 · Gifting Stocks to Minor Children. If you want to gift stocks to your kids who are under 18, you can do so in several ways. One way is by setting up a custodial account on their behalf. With a custodial account, you technically own the assets in the account on behalf of a minor child. You can transfer stocks from your brokerage account into a ... WebFarr made a gift of stock to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the stock's fair market value was $15,000. No gift taxes were paid. What is Pat's basis in the stock for computing gain? a. $0 b. $5,000 c. $10,000 d. $15. correct answer: c. $10,000

Farr History, Family Crest & Coats of Arms - HouseOfNames

WebFarr made a gift of stock to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the stock's fair market value was $15,000. No gift taxes were paid. What is … WebFarr made a gift of stock to her child, Pat. At the date of gift, Farr’s stock basis was $10,000 and the stock’s fair market value was $15,000. No gift taxes were paid. What is Pat’s basis in the stock for computing gain? a. $0 … half life alyx flashlight

Can I give stock as a gift? - Investopedia

Web25 Correct Farr made a gift of stock to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the stock's fair market value was $15,000. No gift taxes were paid. What is Pat's basis in the stock for computing gain? A. $0(10%) B. $5,000(4%) ... WebFarr made a gift of stock to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the stock's fair market value was $15,000. No gift taxes were paid. ... In Year 4, Fay sold 100 shares of Gym Co. stock to her son, Martin, for $11,000. Fay had paid $15,000 for the stock in Year 1. Subsequently in Year 4, Martin sold the stock ... bunchcoin-swap