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Chris W. Rea
Chris W. Rea
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If I donate depreciated stock to charity, can I deduct both the market value and the capital loss?

I have stock that's depreciated in value since I bought it. Just to make up some numbers, I paid $8000 for it, and itsit's worth $1000 now. If I donate the stock to charity, can I take the charitable deduction (if iI itemize) of 1000$1000 and the capital loss of 7000$7000?

If I donate depreciated stock to charity can I deduct both the market value and the capital loss?

I have stock that's depreciated in value since I bought it. Just to make up some numbers I paid $8000 for it and its worth $1000 now. If I donate the stock to charity can I take the charitable deduction (if i itemize) of 1000 and the capital loss of 7000?

If I donate depreciated stock to charity, can I deduct both the market value and the capital loss?

I have stock that's depreciated in value since I bought it. Just to make up some numbers, I paid $8000 for it, and it's worth $1000 now. If I donate the stock to charity, can I take the charitable deduction (if I itemize) of $1000 and the capital loss of $7000?

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Michael A
Michael A
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If I donate depreciated stock to charity can I deduct both the market value and the capital loss?

I have stock that's depreciated in value since I bought it. Just to make up some numbers I paid $8000 for it and its worth $1000 now. If I donate the stock to charity can I take the charitable deduction (if i itemize) of 1000 and the capital loss of 7000?