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Personal Finance and Investing

progree

(11,493 posts)

7. Everything I've read is that neither you nor the charity pay any capital gains tax on asset donation

Reply to question everything (Original post)

Thu Jan 26, 2023, 11:30 AM

Jan 2023

and that's why highly appreciated (in the capital gains sense) stock is such a good idea for donating, if one is thinking of donating something.

And you get to deduct the full market value of the stock you donated (assuming you have enough itemizable deductions to itemize).

But of course we're not supposed to talk about taxes or financial decisions here, according to some, but only to the pros. Oh well, alas!

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Donating stock to charity? [View all] question everything Jan 2023 OP

I would follow the instructions of the charity Sanity Claws Jan 2023 #1

Thanks. I will question everything Jan 2023 #2

Makes me wonder how you would handle multigraincracker Jan 2023 #3

You don't, I think. I did it in 2016 but do not remember much question everything Jan 2023 #4

There are several tax issues involved with donating stock to charity. euphorb Jan 2023 #5

This message was self-deleted by its author Chin music Jan 2023 #6

Everything I've read is that neither you nor the charity pay any capital gains tax on asset donation progree Jan 2023 #7

😉 question everything Jan 2023 #8