How to Gift Assets That Have Goed Up in Value

In most cases, I would say gifting cash is actually the best approach if we're talking about gifting to a family member rather than donating to charity. If you're gifting taxable assets that have gone down in value, that's usually not a good idea. The rules for basis, cost basis for assets received as a gift are complicated. So it's important to really do your research or talk to a tax professional about it.

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