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A comment on Ask HN: Why don’t companies offer a strike price of $0.01 on options?. Parent comment
If I gifted you 1000 shares of Apple today, that would be a gain for you. It would also be the basis cost for any future sale.
Similarly, if I payed you with 10kg of gold, or a house, or land, it makes sense to tax that transfer event, not just if you sell for cash.
In short, it makes sense to test asset transfers, but not appreciation while you hold it.
I do agree with a tax deferment for asset transfers where there is no resale market like pre IPO stocks or options. Post IPO is a different story.
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If I gifted you 1000 shares of Apple today, that would be a gain for you. It would also be the basis cost for any future sale.
Similarly, if I payed you with 10kg of gold, or a house, or land, it makes sense to tax that transfer event, not just if you sell for cash.
In short, it makes sense to test asset transfers, but not appreciation while you hold it.
I do agree with a tax deferment for asset transfers where there is no resale market like pre IPO stocks or options. Post IPO is a different story.