DONATE APPRECIATED PROPERTY TO ARMENIA FUND USA
As we approach the end of 2014 please consider donating appreciated property in your accounts to Armenia Fund USA.
Donating appreciated investment assets (stocks, bonds and mutual funds) can be a tax efficient way to support Armenia Fund USA:
- In some circumstances it is beneficial to both donor and recipient to make a donation of equity securities (stock) in lieu of a cash donation. The tax benefits to the donor are, under some circumstances, truly significant. However, there are certain limitations, as well as potential advantages, you should discuss this possibility with your CPA or tax professional.
- Please note that the appreciated stock tax planning tool is derived from the general rule that the deduction for a donation of property to charity is equal to the fair market value of the donated property. When the donated property is a "gain" property, the donor does not have to recognize the gain on the donated property.
- A key point to consider is to make sure that the shares of stock have been held for the duration of more than one year and in fact qualify under the Tax Code for a "qualified appreciated stock" deduction. Your CPA or tax professional can help you determine if a stock donation is best for you.
Please consider donating appreciated property to Armenia Fund USA as a part of your Tax Planning endeavors.
REMEMBER,
YOU
MAKE THE DIFFERENCE!
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