<prompt> Human: I understand I will need to talk with a CPA to get all the numbers right, but in theory would this process work, is it legal, and is it beneficial to me? My goal is to reset the cost basis on my stock without paying any taxes.I will talk to a CPA, but basically I think the numbers in play are the gifting limits per person per year, and making sure my family members would have a total taxable income SMALL enough that they wouldnt pay any capital gains on the stock sale. After which they would gift me back the cash, which I believe is tax-free as well.EDIT: Im not trying to illegally evade taxes, thats why I was posting the question. I think this is already answered as not do-able. Thanks.  <response>: You dont get a stepped up basis on gifts you have a carryover basis. 