Charitable gifts of appreciated stocks



I have some stock that has appreciated significantly since I bought it a
few years ago. I'm not ready to sell it yet. Would there be any "wash
sale" tax implications of donating it to a charity and immediately
buying the same thing back on the open market? Or would I have to wait
30 days to avoid making my life complicated?

I can't think of any tax issues, but the wash sale rule is nagging at
the back of my mind...





Nope, your notion works very well. A nice way to benefit the charity and
step up the cost basis.

Wash sales cover selling stock at a loss, and purchasing it within 30 days
of the loss. You have a gain.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question