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To: Bill Jackson who wrote (61204)10/30/2001 3:27:23 PM
From: chuckles58Read Replies (1) | Respond to of 275872
 
If shares had an unrealized loss, you would sell the stock, then give the cash. Then the charitable deduction would be subject to a 50% of AGI limitation.

He could have sold his higher basis stock for a loss, then donated the cash, getting both deductions.

The stock may also have been short-term, in which case you can only deduct the smaller of fair market value or basis. In that case it may make sense to sell first and give cash.

CB


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