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Smith College Giving Appreciated Securities The Last, Best Tax Break? Buy low, Give high. This brochure contains general gift, estate, and financial planning information for educational purposes.

How to fill out giving appreciated securities

How to fill out giving appreciated securities:

1. Obtain a gift letter: When giving appreciated securities, it is important to obtain a gift letter from the donor. This letter should include details such as the name and contact information of the donor, the description of the securities being gifted, the date of the gift, and any instructions for how the funds should be used.
2. Determine the fair market value: Before filling out the necessary forms, it is crucial to determine the fair market value of the appreciated securities being gifted. This can usually be done by obtaining the current market price for the securities or by obtaining an appraisal from a qualified professional.
3. Complete the necessary tax forms: In order to properly gift appreciated securities, certain tax forms need to be completed. One common form is the IRS Form 8283, which is used to report noncash charitable contributions. This form should be filled out accurately and submitted along with your tax return.
4. Consult with a financial advisor or tax professional: It is highly recommended to consult with a financial advisor or tax professional when filling out the forms for giving appreciated securities. They can provide guidance and ensure that you are following the proper procedures and taking full advantage of any tax benefits associated with the gift.

Who needs giving appreciated securities:

1. Charitable organizations: Charitable organizations often rely on donations, including appreciated securities, to fund their programs and initiatives. By giving appreciated securities, individuals can make a significant impact and support causes they care about.
2. Donors looking for tax benefits: Giving appreciated securities can offer significant tax benefits for the donor. When gifting appreciated securities, the donor can usually take a deduction for the fair market value of the securities at the time of the gift, without having to pay capital gains tax on the appreciation.
3. Investors with appreciated securities: Individuals who hold appreciated securities in their investment portfolios can benefit from giving those securities as donations. By gifting appreciated securities, the investor can avoid paying capital gains tax on the appreciation, while also supporting a charitable cause.

Overall, giving appreciated securities is a beneficial strategy for both charitable organizations and donors alike. By following the proper procedures and consulting with professionals, individuals can successfully fill out the necessary forms and enjoy the associated tax benefits.

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What is giving appreciated securities?

Giving appreciated securities refers to donating stocks, bonds, or other investments that have increased in value since the date of acquisition.

Who is required to file giving appreciated securities?

Individuals and organizations who donate appreciated securities are required to file the necessary documentation with the IRS.

How to fill out giving appreciated securities?

To fill out giving appreciated securities, donors need to provide details such as the name of the security, its fair market value, the date of donation, and the recipient organization.

What is the purpose of giving appreciated securities?

The purpose of giving appreciated securities is to support charitable causes while potentially receiving tax benefits from the donation.

What information must be reported on giving appreciated securities?

Donors must report the fair market value of the securities at the time of donation, the date of donation, and the recipient organization's information.