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Donating Appreciated Stock: Why It’s Often More Effective Than Giving Cash
What does it mean to donate stock? When most people think about charitable giving, they think about writing a check or making a donation with cash. But if you own investments in a taxable brokerage account, there’s often a more efficient way to give. Donating stock simply means transferring shares of an investment directly to a qualified charitable organization instead of selling the investment and donating the cash proceeds. The charity receives the stock, sells it, and uses
Clarity Tax
3 days ago3 min read
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