S
Simba
Guest
Tax gurus,
Say that the current stock price is really low, my wife and I gift to a foreign couple stocks worth of $40K. The stocks now are still mostly capital gains. The couple are in a country with almost no or very low capital gain taxes. If some time later, the stocks appreciate to $80K. They sell them and give us back a portion or all. Will IRS be angry about that? If not, is it a good strategy to reduce capital gain taxes?
Regards!
-Simba
Say that the current stock price is really low, my wife and I gift to a foreign couple stocks worth of $40K. The stocks now are still mostly capital gains. The couple are in a country with almost no or very low capital gain taxes. If some time later, the stocks appreciate to $80K. They sell them and give us back a portion or all. Will IRS be angry about that? If not, is it a good strategy to reduce capital gain taxes?
Regards!
-Simba