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Old 05-26-2018, 10:37 PM
Senior Member
Join Date: Mar 2013
Location: coastal tx
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A person can gift any other person or persons $14K each each year without getting into the reporting issues.
if married the spouse can do the same.

if you gift stock, land, etc.
the cost basis is transferred also
so if they sell they will have to pay capital gains on what ever they get above cost basis