Upstream Gifting of Stock
If this questions is inappropriate for this forum, I understand. I didn’t know where else to post it.
My mother is 90 and in good health. I would like to gift her highly appreciated stock. My mother is the sole owner of the account where the stock will be gifted. I am the beneficiary of that account. Upon her passing will I get a step up in basis?
Permalink Submitted by Aileen Flanagan on Thu, 2024-11-28 18:02
Thank you for your response. These are not NUA shares.