If I give my parents $150000 worth stock, then they sell it and return $140000 cash to me.
So there is no gift tax here? Right?
Thanks a lot.
• Because they could keep 10K cash. -69162- ♀ (50 bytes) () 01/22/2006 postreply 18:20:20
• this one answers ur question -24225- ♀ (40 bytes) () 01/22/2006 postreply 21:47:02