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Gifts of Stock The Arc Central Chesapeake Region gratefully accepts gifts of stock. Please contact your broker and indicate the number of shares of each security you wish to give. Gift Information

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How to fill out gifts of stock

01

To fill out gifts of stock, follow these steps: 1. Obtain the necessary forms from the organization receiving the gift. 2. Fill out the donor information section, providing your name, address, and contact details. 3. Specify the details of the stock being gifted, including the name of the company, number of shares, and stock certificate number. 4. Indicate whether the gift is a partial or full transfer of stock. 5. Provide any additional information required by the organization, such as the intended purpose of the gift. 6. Sign and date the form. 7. Submit the form to the organization or follow their instructions for delivery.

Who needs gifts of stock?

01

Gifts of stock are typically of interest to individuals or organizations who want to donate securities instead of cash. It is commonly used by philanthropists, charities, non-profit organizations, and individuals looking to support causes or receive tax benefits by donating appreciated stock.

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What is gifts of stock?

Gifts of stock refer to transferring ownership of stock or securities as a gift to another individual or organization.

Who is required to file gifts of stock?

Any individual or organization who gives or receives a gift of stock is required to file gifts of stock with the IRS.

How to fill out gifts of stock?

Gifts of stock can be reported by submitting Form 709, the United States Gift (and Generation-Skipping Transfer) Tax Return, to the IRS.

What is the purpose of gifts of stock?

The purpose of gifts of stock is to ensure that the transfer of ownership of stock or securities is properly documented for tax purposes.

What information must be reported on gifts of stock?

Information such as the fair market value of the stock at the time of transfer, the date of transfer, and the relationship between the donor and the recipient must be reported on gifts of stock.

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