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Giving stocks as a gift to offset losses

Personal Finance & Money Asked on October 2, 2021

Suppose I have accumulated some stock exchange losses in the past. My parents gift me some stocks. Do I get to realize capital gains when I sell those stocks? If my parents bought the stock for $100 and now it’s worth $200 and my past losses are $500, does that mean that I’ll have to pay no taxes on the sale (because they are offset by my old losses)?

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