Donating stocks to charity allows you to deduct the amount the stock is worth at the time of donation, without declaring as income the capital gains the stock earned during the time you owned it.Technically how is this done?The charity has to own a brokerage account, and I fill out the charity transfer form, and they move the stock?At what moment is the stock 'valued', so I know exactly how much I donated?
There's something called a "donor advised fund." You can transfer your stocks into the fund, and you get credit for the donation at the time you move it in there. You can then donate money to whatever charities you want (pending approval by the fund, but that's not a huge deal) at any time you want, even years later. So the value of the donation in regards to taxes is from when you moved it to the donor-advised fund.I know people who've used this: https://www.schwabcharitable.org/public/charitable/home
Thanks for that information. If my charities don't have a stock account, this would give me the ability to donate stock anyway. If I donated $50,00 through the fund, Fidelity would cost me $300/ year.
Thoughts on AMZN? Is it time to start picking up some shares, or is this dip not temporary?
alternative question is this dip temporary or is it time to panic?
Who else over here did not sell ORIG when it crashed?
Still laughing?
Still hopefull...
looking to invest a lot of $ in the stock market in the near future, what do the DDF financial advisers suggest
A) Don't day trade without a clue what you're doing.B) Don't day trade without a clue what you're doing.C) Don't day trade without a clue what you're doing.D) Don't day trade without a clue what you're doing.E) Don't day trade without a clue what you're doing.
