Recording charitable stock gifts


E

EricFriedman

I'm sure this is a FAQ, but I'm unable to find any current answers on
google groups....

I made a gift of appreciated stock to a charity. How do I record the
gift in a Quicken 2003 portfolio register so that I don't register
a capital gain but I do have a record of the deductible gift?

I saw one post in the archive that suggested creating a dummy portfolio account
which was tax-exempt, transferring the shares to that account, and then
writing a "check" for the contribution. Is it really that complicated?

Also, I'm planning on making some additional gifts from mutual funds for
which I'd like to use specific share accounting. Any special advice on this?

Thanks,
Eric

P.S. pls reply to group, not by email.
 
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