Can I donate stock to charity?

Stocks, Charity
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November 2016
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Absolutely, and you get a deduction for the FMV at the date of contribution. You will also avoid Capital Gains tax if you donate the appreciated stock, directly assuming it has depreciated. This is a better strategy than selling the stock and contributing the cash. This is assuming a gain. If you had a loss, then you want to sell the stock, take the Capital Loss, offset your Capital Gains, and contribute the cash. Hope this helps and Happy Holidays. Dan Stewart CFA®

P.S. I forgot to add, this also assumes you Itemize and may be phased (limited) if your income is real high. But under most situations, the answer is yes, and the above strategy applies.

November 2016
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November 2016