How can a person sell stock received as a gift?

Answer According to Investopedia, stocks provide a "share" of company ownership. As the company's assets and earnings grow, stock prices increase, which generates money for shareholders. Selling stock rec... Read More »

Top Q&A For: How can a person sell stock received as a gift

What does Della sell to be able to buy a gift for her husband in O. Henry's"The Gift of the Magi"?

In the O. Henry story "The Gift of the Magi," Della sells her hair to buy a chain for her husband's watch. But when Della gives Jim the chain, she discovers that he has sold his watch in order to b... Read More »

Should a person with a weakened immune system be around a toddler or other person who received swine flu nasal mist?

It depends somewhat on the cause and severity of the immune system compromise. In some situations, the recommendation is to wait for a week after the vaccination before being in close contact with ... Read More »

What was the last free gift you received?

How much can be received as a gift and not be reported on taxes?

According to the Internal Revenue Service, the donor is responsible for reporting and paying the gift tax. The beneficiary does not report the gift on her tax return or pay taxes on the gift. As of... Read More »