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Now Accepting Stock Donations

If you have not donated appreciated stocks before, it is something that tax advisors tell us you should strongly consider.  The tax advantage of donating appreciated stock that you have held for more than a year is outstanding. A donation of stock allows you to deduct the full market value of the stock from your taxable income without paying any taxes on the capital gains.

In other words, the capital gains that you would otherwise have to pay taxes on turns into a deduction that will save you taxes on your normal income.  You get to avoid taxes in two places. For more information see the following article on CBS: https://www.cbsnews.com/news/donating-appreciated-stock-a-double-play-of-tax-benefits/

 

Donate Stock To Thoroughbred Placement Resources, Inc.
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