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Author Topic: any accountants out there that i can ask a question?  (Read 497213 times)

Offline Definitions2

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Re: any accountants out there that i can ask a question?
« Reply #2520 on: Yesterday at 11:10:24 PM »
Quote from: ushdadude on Yesterday at 03:15:57 PM
donate appreciated shares to charity and keep the cash you were going to donate
Can you ELI5. How does donating your stocks help? Don't you lose everything then?

What cash is there in this situation?
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Offline ushdadude

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Re: any accountants out there that i can ask a question?
« Reply #2521 on: Yesterday at 11:41:27 PM »
Quote from: Definitions2 on Yesterday at 11:10:24 PM
Can you ELI5. How does donating your stocks help? Don't you lose everything then?

What cash is there in this situation?
This strategy works with the assumption that he would be donating money to charity regardless. So instead of donating cash, donate appreciated shares and keep the cash you planned on donating.
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