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Author: reallyalldone Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120798  
Subject: Donating appreciated stock Date: 10/9/2013 12:44 PM
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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 ?

thanks
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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 119280 of 120798
Subject: Re: Donating appreciated stock Date: 10/9/2013 2:51 PM
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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.

Phil
Rule Your Retirement Home Fool

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Author: JeanDavid Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 119281 of 120798
Subject: Re: Donating appreciated stock Date: 10/9/2013 3:02 PM
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A side benefit of donating stock, appreciated or not, to an IRS approved worthy cause is that you need not establish the cost basis. From time to time, I get a spin-off of stock that is so few shares that selling it is more than the commission. When I get sick of it, I just transfer it to a worthy cause.

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