Appreciated Assets
A gift of long-term appreciated securities has two major advantages: (1) it provides the donor with an immediate income tax deduction and (2) eliminates capital gains taxes to the extent allowed by tax law. If you donate stock that has risen in value and that you’ve held for more than one year, you pay no capital gains tax on the transaction and are entitled to a charitable deduction for the full fair market value of the stock. Your income tax deduction is limited to 30 percent of your adjusted gross income. Any excess can be carried forward for five additional years.
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