謝謝，俺暈了。：）

幾點澄清：

1. 不是朋友，是家人（父母子女）

2. 不是common stock, 是 private fund.

3. 這個 private fund, 隻能以他的名義投資，當年我們就是將錢給他，以他的名義投入這個 fund。當然他自己也投了不少錢。

其實當年我們給他錢時，也有這個 gift tax 的問題。I don't know how many people here are familiar with private fund. It operates like this: first the investors commit certain amount, say 50000. Then when the fund needs money to invest, it makes a capital call. Though we committed 50k, we don't give 50k at once. Because the amount is small (less than 10k each time) we ignored the gift tax question. But now the fund started distribution, the amount is bigger (more than 10k), therefore the gift tax question arises.