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To donate your gift of stock to KLT, please follow these four steps:1. Complete the attached transfer form including CUSIP# which will be provided by your broker or investment advisor of the assets
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How to fill out gifts of stock ways

01
Determine which stocks you want to donate as gifts.
02
Contact the organization or charity that you want to donate the stocks to and inquire about their process for accepting gifts of stock.
03
Obtain the necessary forms or information from the organization to facilitate the transfer of the stocks.
04
Consult with a financial advisor or tax professional to understand the potential tax implications of the stock donation.
05
Complete the required forms and provide any additional requested information.
06
Initiate the transfer of the stocks to the organization as instructed by the charity.
07
Notify the organization once the transfer is complete and provide any necessary documentation.
08
Keep records of the stock donation for tax purposes.

Who needs gifts of stock ways?

01
Individuals or organizations who want to support charitable causes and have stocks that they are willing to donate.

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Gifts of stock ways refer to the methods and processes involved in gifting stocks to individuals, which can include transfers of ownership, documentation, and tax implications.
Individuals who gift stock valued above the annual exclusion amount are required to file gifts of stock ways, typically the donor must report the gift.
To fill out gifts of stock ways, the donor must complete a gift tax form (IRS Form 709) detailing the stock gifted, its fair market value, donor's information, and recipient's information.
The purpose of gifts of stock ways is to transfer ownership of stocks without selling them, which can be beneficial for estate planning and can also enable tax advantages for both donor and recipient.
Information that must be reported includes the donor's and recipient's names, addresses, relationship, description of the stock, date of the gift, and the fair market value at the time of the gift.
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