Sally is considering giving away stock in Ace Corporation or Gold Corporation. Each has a current FMV of $500,000, and e
Posted: Tue Nov 16, 2021 8:25 am
Sally is considering giving away stock in Ace Corporation or
Gold Corporation. Each has a current FMV of $500,000, and each has
the same estimated future appreciation rate. Sally’s basis in the
Ace stock is $100,000, and her basis in the Gold stock is $450,000.
Assume Sally has total assets of $1 million. Which stock would you
suggest that she give away and why, or does it make any
difference?
Gold Corporation. Each has a current FMV of $500,000, and each has
the same estimated future appreciation rate. Sally’s basis in the
Ace stock is $100,000, and her basis in the Gold stock is $450,000.
Assume Sally has total assets of $1 million. Which stock would you
suggest that she give away and why, or does it make any
difference?