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URL:  https://boards.fool.com/gtgt-but-that-applies-only-to-assets-that-you-23447277.aspx

Subject:  Re: Effect of charitable donations on tax liabil Date:  12/19/2005  12:59 PM
Author:  ziggy29 Number:  82096 of 132710

>> But that applies only to assets that you have had for long term (a year and a day, or longer), doesn't it? I thought I read somewhere that if you had held it short term (up to 1 year) that you still have to declare the short-term gains if you donate it. <<

If you've held the securities for more than a year, you can deduct the full current market value. If you donate them within a year, you can only deduct the cost basis.

#29
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