Gift stocks - what's the basis

From: Eric Shen - FDC <eshen@pcocd2.intel.com>
Subject: Gift stocks - what's the basis
Date: Thu, 23 Jul 1998 09:52:02 -0700 (PDT)

Next Article (by Date): Re: Questions on Residences ldavis@ix.netcom.com (Lynn R Davis)
Previous Article (by Date): Asset Allocation & Overlap pgm. "Cook, James"
Articles sorted by: [Date] [Author] [Subject]

Hi,

I received some stock from my uncle and want to know how to calculate
the cost basis when I sell the stock.  Do I use the amount he paid?
If he received the stock for free (he's on the board), would the price
I sell it at be the capital gain?

Eric

- -- 
- ------------------------------------------------------------------------
Eric Shen                                                   916-356-5536
Intel Corporation, FM5-161                             fax: 916-356-5719
1900 Prairie City Rd, Folsom, CA 95630            eshen@pcocd2.intel.com
- ------------------------------------------------------------------------



- -

Go to Jeff Salisbury LWGate Home Page.