Gifting low basis stock
Aug 09, 2016 · This blog post is about the income tax benefit of you making gifts upwards (or upstream) to your older parents so that the gifted property will be includible in your parents’ estates at their death. This also is especially effective for depreciable property (as I … The Gift that Keeps Giving – Year-End Charitable Gifting ... Gifting Low Basis Stock. Mike has worked for a publicly traded insurance company for over fifteen years. During that time, he has accumulated a significant amount of stock in the company. The stock has appreciated significantly, and every time Mike looks to diversify out of his company stock, he is faced with a large tax bill.