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Accepting a Gift of a Capital Asset - UCSF Controller's Office
The gift should meet the criteria of a capital asset: Tangible, Freestanding, Useful life of one year or longer, and Estimated value of $5000 or greater.
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Cost basis - Wikipedia
When property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realized on the sale minus the sold property's basis.
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Form of Deed of Gift - SEC.gov
“Additional Capital” means the Additional Gifted Shares, Additional Cash Gift and all Accretions thereto referred to in Section 2.01(d). “Additional Cash Gift” ...
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