![]() ![]() ![]() However, if they donate those same shares to charity in-kind, not only would the capital gains tax be eliminated, but the client would receive $20,000 in charitable tax credits, thereby lowering their tax bill significantly. Donating these shares in-kind to charity can eliminate the capital gains taxes while also contributing to causes clients are passionate about.įor example, if a client bought $10,000 worth of shares that have appreciated to $20,000, they would have to pay capital gains taxes on the $10,000 of growth, if and when the shares are sold. If a client holds shares that have appreciated dramatically, they might be hesitant to sell and incur the associated capital gains taxes. While most clients assume the best way they can donate to charities is using cash or credit cards, donating appreciated stocks and investments may be more advantageous come tax season. ![]()
0 Comments
Leave a Reply. |