Your parents gave you $41,000 worth of Apple stock in 2014. In 2016, the shares are worth
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Question:
Your parents gave you $41,000 worth of Apple stock in 2014. In 2016, the shares are worth $66,000. (The gift tax annual exclusion is $28,000 for 2014 and 2016.)
b.By what amount was your parents' estate value reduced after giving you this gift?
Value of estate reduction in 2014:
c. What would the taxable amount of the gift be if your parents waited until 2016 to give you the Apple stock?
Posted Date: