SIE: Tax Basis Of Gifted Securities

Taken from our SIE Online Guide

Tax Basis of Gifted Securities

When a living person gives a security to another person as a gift, the recipient’s cost basis is the lower of the (1) giver’s cost basis or the (2) fair market value at the time of the gift. The giver’s holding period will correspond to cost basis. For example, if

+ Read More

More SIE Info

What are people saying?

Create an Account

Since you're reading about SIE: Tax Basis Of Gifted Securities, you might also be interested in:

Series 63 - 3.1.5.1. Exceptions for Media from Other States

Series 3 - 5.3. Hedging with Spreads

Series 82 - Appeals

Series 24 - More Filing Requirements and Review Procedures

Series 50 - Bondholders

Series 3 - 6.3.4.4. Good Till Date (GTD)

Series 50 - Operations & Maintenance (O&M) Covenant

Series 14 - 2.3.3.3. Consolidated Tape

Series 53 - Municipal Securities Sales Limited Representative (Series 7)

Series 66 - 1.1.1 The Income Statement

Series 24 - When-Issued Contracts

Series 82 - 2.1.4.6. Written Supervisory Procedures

Series 24 - General Securities Principal (Series 24)

Series 66 - Transfer Rights

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed the Securities Industry Essential (SIE) exam on my first try. Now, I am studying for the next license exam, the top off exam, Series 7. Thank you Solomon Exam Prep. I am glad I bought the 1) SIE Video Premium Study Package, 2) SIE Flashcards, and, especially, 3) the hard copy. I will probably buy the same for Series 63, 7 and probably no more than two more over the next three years.

Stephen Campbell, Plano, TX

I passed after two and a half weeks of studying for the SIE. I am an industry veteran, though have been out of the securities business for over 10 years. It was really the logic of the exam simulator process and repetition that did the trick.
The exercises and exam simulator were brilliant! Forward and onward to Series 82!

Norman Hall. West Tisbury, MA

Thank you so much Solomon Exam Prep. I took the SIE exam today and passed it the first try. Couldn't have done it without your help. Thank you again.

Cathy Villano, Eastchester, NY

All test from FINRA should never be taken lightly. The Solomon course work and exercise materials prepared me well for the SIE exam of which I passed the first time. I am onto prepping for the Series 79 and will once again use Jeremy Solomon’s resources and program. Thank you, Jeremy, for the outstanding support!

Constantino (Tony) Quintong Jr, Securieon Group. Carmel by the Sea, CA

I got my undergrad degree in musical theater, never having studied or practiced anything regarding securities. I've been working as an actor over the last 10 years, and figured the Covid-19 quarantine presented an opportunity to learn something new. Solomon took me from knowing NOTHING about securities to passing the SIE on the FIRST TRY! I finished in under an hour and felt extremely confident about the entire test. I read every chapter twice, watched all the video tutorials, listened to the audiobook while driving, and took a large amount of practice exams. Do this - and you will be over prepared - I promise. I will absolutely be using Solomon again for any top-off exams!

Corey Cott, Philadelphia, PA

Super fast response time to emailed questions, clear explanations in the textbook and in the ungraded practice exams, and unlimited practice tests made Solomon a great resource for preparing for my SIE. Passed on first try!

Claire Pywell, R+R Financial Partners. Anchorage, AK