I am planning to give some stock to my church. For stock held long term there are no capital gains taxes and the full amount is deductible. For short term I do not understand exactly how it works.Your deduction is limited to your basis. See IRS Publication 526.TMF ExROPhil Marti
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M