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Personal Finance and Investing

question everything

(50,623 posts)

4. You don't, I think. I did it in 2016 but do not remember much

Reply to multigraincracker (Reply #3)

Thu Jan 26, 2023, 12:14 PM

Jan 2023

I had shares of Medtronics and it was moving its offices to Ireland which would have created capital gains. A charity offered to take the shares off my hands and instead of capital gain I had a deductible donation.

I had only 100 shares but there were many, including former employees that had accumulated many shares and were angry.

Oh, and officers and board members were exempt

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Donating stock to charity? [View all] question everything Jan 2023 OP

I would follow the instructions of the charity Sanity Claws Jan 2023 #1

Thanks. I will question everything Jan 2023 #2

Makes me wonder how you would handle multigraincracker Jan 2023 #3

You don't, I think. I did it in 2016 but do not remember much question everything Jan 2023 #4

There are several tax issues involved with donating stock to charity. euphorb Jan 2023 #5

This message was self-deleted by its author Chin music Jan 2023 #6

Everything I've read is that neither you nor the charity pay any capital gains tax on asset donation progree Jan 2023 #7

😉 question everything Jan 2023 #8