How to gift a single share of stock?

NiggaPHX420

OT Supporter
Jan 17, 2002
50,548
Phoenix, AZ
My younger brother doesn't want to give me Xmas ideas, except he says he wants one share of Tesla stock.

That's all well and good, but how the fuck do I give him a single share?


Check out this bullshit :rofl:

c7078092f2d609dc73b83bad1670c356.jpg
 

MWHC22

Bier/Deutsch/Homebrew/ Packers/Blackhawks/Outdoor
May 10, 2001
12,261
Wisconsin/Utah
You can have him open and account and transfer one to his account from your account. easy peazy.
just ask your broker what forms/letters they need to get it done, people gift shares to kids and grandkids all the time

no one has paper certificates anymore unless they are loony old people who think they need to keep their shares in a safety deposit box at the bank. some companies will refuse to even make a paper cert.
 

stevezissou

OT Supporter
Jul 15, 2009
40,846
US
Beware gifting people stock, it is carry over basis and holding period.

Example if you bought stock 7/1/2010 for $10 and it is worth $1000 when you gift it and they sell it the next day they have long term capital gains tax owed for $990 in profit.
 
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Ebtek

Well-Known Member
Mar 19, 2000
155,461
Beware gifting people stock, it is carry over basis and holding period.

Example if you bought stock 7/1/2010 for $10 and it is worth $1000 when you gift it and they sell it the next day they have long term capital gains tax owed for $990 in profit.
U ruin everything
 
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firemunki

I am the patron saint of lost causes
Aug 23, 2001
36,350
Scottsdale
fwiw, I doubt he is gifting on the basis that little bro is gonna turn around and sell it a week later
 

meyou

OT Supporter
Feb 20, 2005
100,601
Beware gifting people stock, it is carry over basis and holding period.

Example if you bought stock 7/1/2010 for $10 and it is worth $1000 when you gift it and they sell it the next day they have long term capital gains tax owed for $990 in profit.
Where is the problem here
 

eK

OT Supporter
Jan 9, 2004
94,646
Buy him a pair of Tesla headlights as an "investment" in a full Tesla car.
 

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