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Financial Planning / Tax Strategies
|Subject: Re: Transferring stocks to a charity after ex di||Date: 1/2/2014 6:22 PM|
|Author: TMFPMarti||Number: 119784 of 122924|
I transferred ROIC shares to a charity on December 13.
The dividend was paid to the charity.
I called Schwab on this. They checked and verified that apparently the transfer date and not the ex date applies to share transfers. I guess the dividend accrues to the shares and not the owner of the shares, or something.
So my questions are:
2. If this is the case, do I get credit for donating the dividend as well as the shares?
Only if the dividend is erroneously included in your income on the 1099-DIV and you include it as income on your return. The special treatment of donated securities applies only to long-term cap gains. Pub 526.
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