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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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    Is this for the US? Tax and gift laws vary by country. – D Stanley Apr 6 at 14:38
  • Tip: Tax questions should always have a country tag included. – Chris W. Rea Apr 6 at 17:50
  • Sure, it's Uzbekistan. I mean USA. (Although if you knew something about Uzbek tax law, that'd be quite impressive.) – Lajos Nagy Apr 7 at 15:05
  • You said past losses. When did you sell those shares: 2020? 2021? When was the gift? – mhoran_psprep Apr 7 at 15:13
  • The losses are in the past the gift is in the future. The question is regarding the feasibility of the scheme. – Lajos Nagy Apr 8 at 17:34

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