“Donating appreciated stock… you avoid paying capital gains tax… still get to deduct the full fair market value”
AK
Amanda Kish
Motley Fool Hidden Gems Investing ·
“Donating long-term appreciated investments… avoid paying taxes on those long-term capital gains… you can also deduct the contribution up to a limit of 30 % of your AGI”
Motley Fool Hidden Gems Investing · 10 Tips for Harvesting Investment Losses
Play from 14:32
14:32
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What was described
Donate long-term appreciated shares to a qualified charity to avoid capital-gains tax and claim a charitable deduction (up to 30 % of AGI, carry forward 5 years)
Deduction limit 30 % of AGI, excess can be carried forward for five years; charitable deduction only to the extent it exceeds 0.5 % of AGI
Said nearby on the same subject
“Structures such as private ancillary funds can be worth exploring... they get their own tax regime... a large charitable donation can be particularly useful in a year where you've realised a substantial capital gains event”
PB
Paul Benson Guidance Financial Services
Financial Autonomy ·
“We see a larger share of the claim loss is now the responsibility of the insured… if you’re carrying a really large deductible… you’re probably not going to file a claim.”
♫
Said on Insurance Journal Podcast
“The annual cap on this before tax contributions currently sits at around $32,500 a year. And if you haven't used your full cap in previous years, you can often carry forward the unused amount for up to five years”
DR
Dev Raga
Dev Raga Personal Finance ·
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