A gift of appreciated stock generally offers a twofold tax advantage:
- You avoid paying capital gains tax on the increased value of the stock.
- You get an income-tax deduction for the full fair-market value of the stock at the time the gift is received.
If you have owned stock for a “long term” period (more than a year), you qualify for these significant tax advantages.
It’s easy to make a gift of stock to the Center for Investigative Reporting. For complete instructions, and to ensure that you are properly credited and acknowledged for your gift, please have your broker contact Sydney Sims at gifts@cir.org or (415) 321-1754.
