Replies to post #15934 on 22nd Century Group Inc (XXII)

[petemantx]

You can transfer thru a brokerage house as I did thru E*Trade to a non-family member and what we did was state it was a private sale with a selling price of what I paid for the stock. That way I incurred no tax liability and the buyer gets the buy price as his cost basis. Now whether that contract is ever paid in full is a matter between you and your buyer - if not paid it essentially becomes a gift.