<prompt> Human: I got married a few months ago, now my wife and I are now filing taxes jointly for the first time. Shes in graduate school, and her parents have always paid for her education, of which the details Im not aware of.Her parents sold 30k worth of stock thats in my wife and her parents name over the past year to pay for her school tuition, again which predated our marriage. My question is, if I end up owing money once I file as a result of her stock sales, should I personally pay for it, or have her parents pay for it since this was their move? I cant figure out which is the better option there. Thanks!  <response>: You andor your wife. She benefited from it. It sucks. I sold stocks for the first time last year. Some long some short holds. The taxes ate into a good chunk of my profits. But I still was profitable.Same thing for the stocks that were gifted to your wife. If they were worth 50k and sold for 30k, she wouldnt have to pay taxes but she also would be out of potential 20k because she lost a portion of her principal. She actually gained to be able to pay for her tuition..unfortunately this means she also has to pay taxes on those gains. If they were only in a 529... 