Ergo, when you subsequently sell the shares you would owe capital gains on the difference between your basis ($500) and the amount that the stock was sold for.Say, you eventually sell the stock for $1,700, your capital gains would be the difference of the "carryover" basis of $500 (NOT the $1,000 FMV as of the date of gift) and the selling price of $1,700; hence, your capital gain would be $1,200 - subject to the capital gains tax rate that would be in effect at that time.Again, seek out a competent tax advisor for further guidance.

Newbie in greenville,sc seeking information on first step to investing in commercial realestate.

In simple language, when seeking approval for a loan, will only my income and credit score (which is excellent by the way) be verified or my household income count?

@Kyandrea Fowlkes Either you will need to partner with someone who can bring the needed funds to the deal, seek out a private money lender or get in touch with a hard money lender. 

Rick,before taking any legal advice from anyone on this board, seek your own Lawyer to determine what you should do to protect your assets.

This is only important however if you are seeking complete anonymity.

However, financial freedom is what we all seek, and one source of income rarely provides it. 

I am seeking Real Estate Agents in the Paterson area of NJ and hopefully build a lasting business relationship.

I'm currently seeking a Spokane MLS broker to work with so I can do that important research.

Most people focus on their credit scores, but the DTI is critical when seeking a loan.