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May 2, 2021
Question

Do investments given to me years ago still count as gifted?

  • May 2, 2021
  • 1 reply
  • 0 views
I am reporting sales from a 1099-B not sure if I should put gifted/

1 reply

macuser_22
Employee
May 2, 2021

If it was given to you then it was gifted.     It retains the original cost basis of the giver.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**