- Marketable Securities
Marketable securities can be an attractive asset to give. They can be given in many different ways, for example: outright; as part of a life income arrangement; to fund a charitable remainder trust or a charitable lead trust.
- You can deduct the fair market value of the stock, up to 30% of AGI, with a five year carry over for any excess.
- If you give appreciated long-term stock, you will usually avoid the capital gains tax on the stock’s appreciation.
- If you would like to donate stock that has depreciated in value, you are usually better off to sell the stock, take the capital loss on your income tax return, and donate the cash proceeds.
- If the claimed value of the stock exceeds $500, you must file Form 8283.
