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10 year ago my brother open an account under his name with scottrade . At that time, I have some money and I gave it to him to buy me some stocks under his account. The stock s had been sitting in his account for a long time.3 years ago; I opened my own account with scottrade. Now ; I want to transfer my stock under his account to my account .A scottrade employee gave a form that my brother has to sign to agree on the transfer.what are the tax implication on that?I don't want my brother to be punish (taxwise) for the transfer.in the future; when I want to sell the those stock:Will my taxes be calculated from the time the my brother bought the stock for me, or wil it be calculated from the time of the transfer. what other tax implication should I be aware of. will my brother pay taxes at the time of the transfer?how long I have to wait before I able to sell it ?
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