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FACT SHEET Gifts of PubliclyTraded Securities & Mutual Funds A few years ago, the Federal government eliminated the capital gains tax on gifts of PubliclyTraded Securities and Mutual Funds. If you

How to fill out gifts of publicly-traded securities

How to fill out gifts of publicly-traded securities:

1. Consult with a tax advisor: Before proceeding with the donation of publicly-traded securities, it is important to seek advice from a tax professional to understand the potential tax benefits and implications associated with such gifts.
2. Gather necessary information: Collect all relevant information about the securities you intend to donate, including the name of the issuing company, the number of shares or units, and the date of acquisition.
3. Determine the fair market value: Determine the fair market value of the securities on the date of the gift. This can be done by referring to financial websites, speaking to a financial advisor, or utilizing the closing price of the securities on the date of the transfer.
4. Locate the appropriate forms: Obtain the necessary forms from the recipient organization or consult their website to download and print the required documentation for declaring the gift of securities.
5. Complete the gift transfer form: Fill out the gift transfer form provided by the charity or nonprofit organization. Include all required information, such as your personal details, the description of the securities being donated, their fair market value, and any other requested information.
6. Notify your broker or financial institution: Inform your broker or financial institution about your intention to donate securities. Provide them with the necessary information and ask for support in facilitating the transfer of the securities to the recipient organization.
7. Submit the completed forms: Once you have filled out the gift transfer form, sign and date it. Send the completed form, along with any additional documentation required by the recipient organization, to their designated address or contact person.

Who needs gifts of publicly-traded securities:

1. Charitable organizations and nonprofits: Gifts of publicly-traded securities are typically sought after by charitable organizations and nonprofits as they can directly benefit from the value of the securities or convert them into funds for their programs and initiatives.
2. Individual donors: Individuals who hold publicly-traded securities and are looking to support a cause they believe in may choose to donate their securities to eligible organizations. By doing so, they can potentially receive tax advantages while making a positive impact in their community.
3. Investors with appreciated securities: Investors who have seen significant appreciation in the value of their securities may find it advantageous to donate these assets rather than selling them. By donating securities directly, they can potentially avoid paying capital gains tax on the appreciation, ultimately maximizing the impact of their contribution.

For pdfFiller’s FAQs

What is gifts of publicly-traded securities?

Gifts of publicly-traded securities refer to donations of stocks, bonds, or other securities that are traded on a public exchange.

Who is required to file gifts of publicly-traded securities?

Individuals or organizations who receive gifts of publicly-traded securities valued at over a certain threshold are required to file a report with the relevant tax authorities.

How to fill out gifts of publicly-traded securities?

To fill out gifts of publicly-traded securities, the recipient must provide information such as the donor's details, description of the securities, and their value at the time of donation.

What is the purpose of gifts of publicly-traded securities?

The purpose of gifts of publicly-traded securities is to allow individuals and organizations to make charitable donations in the form of securities rather than cash.

What information must be reported on gifts of publicly-traded securities?

The information that must be reported on gifts of publicly-traded securities includes the donor's details, description of the securities, their value at the time of donation, and any applicable tax implications.

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