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Financial Planning / Tax Strategies


Subject:  Re: Deductions on capital gains? Date:  10/27/2013  11:47 AM
Author:  vkg Number:  119414 of 127611

I have a capital gain of $100,000 and I give $25,000 to charity, can I deduct this from the capital gain so that I am only taxed on $75,000?

Donating appreciated stock held over a year to charity has the benefit that you don't pay taxes on the capital gains and the total amount is deductible.
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