What date controls for valuing a gift of stock?
A.If depends upon the method of delivery. (1) If the stock is delivered by hand, the date of physical delivery to us controls. (2) If the stock is mailed, the postmark date controls, assuming the stock certificate (s) and stock power (s) are received in due course. (3) If the stock is delivered through a broker, the date the broker transfers the stock into an account in our name is generally the date that controls.
