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