I wanted to learn about stock gifting.
Let's say I have one share of stock that has unrealized capital gain of $100. It's worth $200 right now. I gift it to my wife. She sells it at $200.
She uses this $200 for our monthly expense.
In this case, neither of us would need to pay capital gains. Is this legal? If so, couples who are subject to capital gains would use this technique to cash out their stocks right?
Let's say I have one share of stock that has unrealized capital gain of $100. It's worth $200 right now. I gift it to my wife. She sells it at $200.
She uses this $200 for our monthly expense.
In this case, neither of us would need to pay capital gains. Is this legal? If so, couples who are subject to capital gains would use this technique to cash out their stocks right?
Statistics: Posted by frugalor — Sat Oct 12, 2024 11:01 pm — Replies 0 — Views 13