medium · Certified Financial Planner Tax Planning
When applying planning guideline ('use available no-cost or employer benefits first') to a Fenwick client who wants to gift stock with a basis of $15,000 and an FMV of $10,000
What should the planner recommend?
- Gift the stock directly to avoid capital gains tax.
- Gift the stock and have the donee sell it to harvest the loss.
- Sell the stock, harvest the $5,000 loss, and gift the cash.
- Hold the stock until it recovers to at least $15,000 before gifting.
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