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Donation Information Name of person(s) donating: Address: City, State ZIP: Phone number(s): Number of shares: Type of stock (name):Method of Stock DeliveryqPaper Certificates If delivering physical

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What is gift of stock?

A gift of stock is a transfer of ownership of shares from one individual to another without receiving payment in return.

Who is required to file gift of stock?

The donor, or the person giving the gift of stock, is required to file a gift tax return if the value of the gift exceeds the annual exclusion limit.

How to fill out gift of stock?

To fill out a gift of stock, you need to complete IRS Form 709, which includes details about the donor, the recipient, and the stock being gifted.

What is the purpose of gift of stock?

The purpose of a gift of stock is to transfer wealth, provide financial support, or help in tax planning for both the donor and recipient.

What information must be reported on gift of stock?

The reported information includes the donor's and recipient's names and addresses, a description of the stock, its fair market value, and the date of the gift.

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