Let’s consider Jenna, an Florida investor who purchased 7,000 shares of Apple stock in April 2019 at $50 per share. She decides to sell her shares in January 2025 at a price of $100 each. Jenna held the stock for more than one year, so her
Read MoreEven though the recipient does not pay gift tax, they may pay capital gains tax if they What is bookkeeping later sell the property for more than the donor’s original basis. Donors who want to help family members financially may prefer to transfer cash instead of
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