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    3. Farr made a gift of stokc to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the stocks's fair market value was $15,000. no gift taxes were paid. What is Pat's basis in the stock for computing gaing?
    Farr made a gift of stokc to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the stocks's fair market value was $15,000. no gift taxes were paid. What is Pat's basis in the stock for computing gaing?

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    0  Views: 1276 Answers: 1 Posted: 14 years ago
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      $10,000 WBMG, but if it were me I would ask my Account for a definitive answer.


       

      14 years ago. Rating: 0
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