Gains on Gifts How to figure stock cost basis when gifted
A reader asks how to determine tax gain when selling stock received from parents. Key steps include finding the parents cost basis and the stock's FMV at the gift date. If FMV > basis, basis is the parents' basis. if FMV < basis, the basis generally equals the FMV on the gift date. Refer to IRS Publications 540 and 448 for details.
MENTIONED IN THIS ARTICLE
IRS
Irs.gov
Name That Company Founded in 1946 by Edward Johnson
Boston based mutual fund leader founded in 1946 by Edward Johnson, serving about 18 million shareholders with around 17 trillion in assets. It offers 401k plans, discount brokerage, retirement, estate and wealth services plus life insurance. Peter Lynch once managed Magellan. Handles over 200k calls daily with 28,500 employees. Privately held.
MENTIONED IN THIS ARTICLE
Edward Johnson
Boston
America
Peter Lynch
Magellan Fund
Retirement investing shifts for safer income and growth
Retirees face changing guidance from the traditional income focus on utilities bonds and dividend stocks. Inflation volatile markets and longer lifespans challenge low risk strategies. Asset allocation offers balance and reduces risk of running out of money.
MENTIONED IN THIS ARTICLE
Nolon
Srowth
FoolMart.com
Money
My Dumbest Investment Wrong Type
Reader recounts buying 100 Smith Corona shares after a TV tip in 1993, then bankruptcy hit. Reassurance to verify financial health, debt levels, product demand, and competition before investing, with tips from The Motley Fool on prudent decision making.
MENTIONED IN THIS ARTICLE
Smith
Corona
Mexico
Smith Corona
Eleanor Guerin
Boynton Beach
Fla
South
Wal-Mart
Fool
Fool.com
Alexandra
Selena
Yum Brands Eyes International Growth Amid Debt Concerns
Yum Brands reports 10 percent international sales gain in November with 19 percent in local currency. Forecasts about 10 percent annual sales growth, but high 17 P E and only 2 percent same store growth in 2004 temper enthusiasm. External expansion and ample cash flow support debt repayment and expansion, though upside requires stronger earnings growth.
MENTIONED IN THIS ARTICLE
Yum
Taco Bell
Pizza Hut
KFC
Yumi
Wendy's
WEN
McDonald's
PepsiCo
PEP
America
KEC
China
Treasurers wage campaign to clean up Wall Street
A growing band of state treasurers and controllers push reforms to curb corporate fraud. California, New York and others deploy over 1.5 trillion dollars in public funds to pressure for executive pay limits and independent board seats. They cite Enron WorldCom and recent Wall Street misconduct and sue the NYSE for investment losses.
MENTIONED IN THIS ARTICLE
Wall Street
Sacramento
America
Albany
California
New York
Connecticut
North Carolina
New York Stock Exchange
Richard Moore
Eliot Spitzer
Phil Angelides
Enron
WorldCom
Online retailers underperform as holiday shopping peaks
Keynote Systems finds major online shops show inconsistent response times and low success rates for holiday transactions for a second week. AMR Research projects dissatisfaction rising to 25 percent to 30 percent, risking $4 to $5 billion in online holiday spending as outsourcing, tech-spending backlash, and lean inventories strain fulfillment.
MENTIONED IN THIS ARTICLE
Keynote Systems
Keynote
AMR Research
Sapient
Cambridge
Mass
Macey
Michener
Santas evolve as holiday staffing expands nationwide
A Santa staffing shift boosts sales opportunities as malls hire more full service Santas with real beards and thorough screening. Tysons Corner Center features Mike Graham, a veteran Santa for 14 years, who greets about 1200 visitors daily, sleeping in a parking lot during peak season while balancing his Grizzly Construction business.
MENTIONED IN THIS ARTICLE
Santa
Potomac Mills
Prince William County
Yesteryear
Robert Mather
Tysons Corner Center
United States
Mike Graham
Graham
Grizzly Construction
Tysons Corner
Pigeon Forge
Tenn
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Moore
Spitzer
Krolicki
Jesse Unruh
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Andy Macey
Vice Presi
Santas
International Council of Shopping Centers
Noerr
Golden, Colo
Santa Plus
St. Louis
New Jersey
Pre-employ.com
Cleaners