The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Donating appreciated stock||Date: 10/9/2013 2:51 PM|
|Author: TMFPMarti||Number: 119280 of 124982|
Is Pub 526 the best reference on donating appreciated stock to a charity ?
The benefit of donating appreciated stock is that I get to deduct the full market value of the stock but do not have to pay taxes on the long term capital gain. Is this correct ? This would not be true if the gain is short term ?
Yes on all fronts.
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