Question: Do I have to pay short term cap gain tax if my parents gave me stock in 11/05 they bought 02/04? I want to sell the stock now (3/05). I've only had it 5 months since it was gifted to me, but it was originally purchased over 2 years ago.

Answer: No. Be sure to add in any fees that you have.(broker fees)They go into the basis of the stock
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