Charitable donations of publicly traded securities
$225.00
Description
Abstract: Taxpayers with appreciated securities positions may be able to save on federal taxes by donating the actual securities (for example, stocks) held more than one year (long-term gain securities) to a qualified charity rather than selling the securities and donating the cash proceeds. This article explains why, and offers a specific example. But it notes that planning is essential in determining when to donate appreciated stock.
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