USA How to calculate unrealized gain/(loss) on an investment when it is a donated security to a nonprofit

[numbersguy]

What is the proper way to account for unrealized and realized gains/(losses) on securities that are donated to a nonprofit organization?

Thanks.

 

[Hello :)]

I have sort of a similar question and posted here:

Unrealized Gain/Loss & Financial Stmt Presentation

Hello all, I'm new here, hopefully I'm doing this right :confused: Basically, I inherited the sole accounting role of a very small not-for-profit org. I'm trying to understand and familiarize myself with the books left behind by the previous accountant. Since year 2016 an investment...

www.accountantforums.com

It "might" provide "some" answer or at least if somebody responds to my thread it might help with your question as well...

*cross fingers*

 

[bklynboy]

You take a tax deduction for the full market value of securities donated. Accounting is record as a donation expense and remove asset from your books.

 

[dvph-rl]

What is the proper way to account for unrealized and realized gains/(losses) on securities that are donated to a nonprofit organization?

Thanks.

Nice question, let us try.

If the security is sold, then consider it as realized. If not, consider it as unrealized until sold. Whether it is donated to a non-profit organization or not, you may consider it as list for your tax deduction for your next tax filing.