Your parents give you $30,000 worth of Apple stock in 2008. In 2010, the shares are worth

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Your parents give you $30,000 worth of Apple stock in 2008. In 2010, the shares are worth $55,000.

a. What is the taxable amount for the gift tax in 2008?

b. By what amount was your parents’ estate value reduced after giving you this gift?

c. What would the taxable amount of the gift tax be if your parents waited until 2010 to give you the Apple stock?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 09:34 AM

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Your parents give you $30,000 worth of Apple stock in 2008. In 2010, the shares are worth

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a The annual exclusion for gift taxes in 2008 was 12000 200...View the full answer

Personal Finance Building Your Future

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