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GIFTS OF APPRECIATED STOCK gains can be put to good use by reinvesting in the community. Giving stocks, bonds and mutual fund shares that have increased in value (and which the donor has owned for

How to fill out gifts of appreciated stock

How to Fill Out Gifts of Appreciated Stock:

1. Consult with your financial advisor or tax professional to understand the tax implications and requirements for gifting appreciated stock.
2. Identify the organization or charity to which you want to make the gift. Ensure that they are eligible to receive tax-deductible donations.
3. Contact the organization and inquire about their specific procedure for accepting gifts of appreciated stock. They may have specific forms or instructions for you to follow.
4. Obtain the necessary information from the organization, such as their brokerage account details or any specific transfer instructions they may have.
5. Contact your brokerage firm or financial institution and inform them of your intention to make a gift of appreciated stock. They will guide you through the process and may require you to complete certain forms.
6. Provide the required information to your brokerage firm, including the name of the organization, its account details, and the number of shares or the specific securities you wish to gift.
7. Confirm with your brokerage firm that the transfer has been completed successfully. They should provide you with a confirmation or receipt.
8. Keep a record of the donation for your tax records, including the date of the gift, the market value of the stock at the time of the transfer, and any applicable fees or expenses you may have incurred.
9. Consult with your tax professional or refer to IRS guidelines to understand how to report the gift of appreciated stock on your tax return.

Who needs gifts of appreciated stock?

1. Individuals who have experienced significant growth in the value of their stock investments and want to support charitable organizations.
2. Investors who are looking for tax advantages, as gifts of appreciated stock may be deductible for income tax purposes.
3. Charitable organizations that rely on donations and are able to accept gifts of appreciated stock. These organizations can sell the stock without incurring capital gains tax and use the proceeds to fund their programs and activities.

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What is gifts of appreciated stock?

Gifts of appreciated stock refer to securities that have increased in value since they were purchased and are donated to a charitable organization.

Who is required to file gifts of appreciated stock?

Individuals or organizations who have made gifts of appreciated stock in a tax year are required to file this information with the IRS.

How to fill out gifts of appreciated stock?

To fill out gifts of appreciated stock, you will need to report the details of the stock donation, including the name of the stock, the date it was donated, the value at the time of donation, and the recipient organization.

What is the purpose of gifts of appreciated stock?

The purpose of gifts of appreciated stock is to provide support to charitable organizations, while also allowing donors to take advantage of potential tax benefits by donating securities that have increased in value.

What information must be reported on gifts of appreciated stock?

The information that must be reported on gifts of appreciated stock includes the name of the stock, the date it was donated, the fair market value at the time of donation, and the recipient organization.