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If you get tax credits from a donation, which is the situation OP sketched (no pun intended), you should also be hit with the capital gains, and the two would c
by reitzensteinm 12y ago
If you get tax credits from a donation, which is the situation OP sketched (no pun intended), you should also be hit with the capital gains, and the two would cancel each other out.
This is what would happen if you liquidated the asset and donated the cash instead. There should be no difference.
- breischl 12y agoGood point. Now that you point it out, depending on your income tax bracket the credits would probably be worth more than the capital gains tax.