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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?

Michael A
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