Charitable gifts of appreciated stocks


Z

zxcvbob

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...

Thanks,
Bob
 
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T

tom

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.
 

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