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Financial Planning / Tax Strategies


Subject:  Re: Transferring stocks to a charity after ex di Date:  1/4/2014  11:52 PM
Author:  Wradical Number:  119802 of 123001

Well, Schwab claims the record date is what counts for transfers. I think we can assume that this much is correct.

I still wonder however if the dividend stands as accrued to the shares on the X date, so that the dividend, too, is deductible.

This is not a lot of money at stake here, so it's not worth consulting a tax attorney. What kind of professional would one contact about this? Call an IRS help line?

OK, this makes more sense now that I think about it again.

We've been distracted by the contribution being right after the ex-div date, forgetting that the ex-div date is relevant only for sales and purchases. To get the dividend, you have to be the owner of record on the record date. If you're buying shares, that means the shares have to be put in your account by the record date. And that happens on the settlement date, not the tra