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BGPenhollo: "Charitable Contributions

If already donating money to a charitable organization consider donating appreciated stock instead. The charity pays no tax on the appreciation and you get to take the stepped up basis as a tax deduction."

I believe that the statement above is only true with respect to stock that has been owned for more than one year; please double check this advice before following it. If the donated stock has been held less than one year, then I believe that the deduction is limited to the basis of the donor (assuming appreciate stock).

Regards, JAFO
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