Peshke Financial
  • Services
    • Tax Preparation
    • Home Loans
    • Personal Finance Coaching
  • About Us
    • Meet Chad
    • Meet Emilie
    • Chad's Story
  • Client Resources
    • Tax Resources
    • Home Loan Resources
    • Financial Coaching Resources
  • E-News
  • Client Reviews
  • Contact Us
  • Services
    • Tax Preparation
    • Home Loans
    • Personal Finance Coaching
  • About Us
    • Meet Chad
    • Meet Emilie
    • Chad's Story
  • Client Resources
    • Tax Resources
    • Home Loan Resources
    • Financial Coaching Resources
  • E-News
  • Client Reviews
  • Contact Us
Search by typing & pressing enter

YOUR CART

E-News

Making Finances Simple. Changing Lives.

3/2/2023

Donating Stock Instead of Giving Cash or Savings

If you’re a tither/charitable donator and you have long-term appreciated stock, you should seriously consider donating your stock instead of cash/savings…
​If you donate long-term appreciated stock, you won’t pay any capital gains on the stock growth, and you’ll receive a tax deduction on the full Fair Market Value of the stock donated (assumes you itemize deductions and don’t exceed max allowable charitable deduction limits, which apply on donated cash/savings as well anyways).
 
Plus, you can always turn around and use the cash/savings you would’ve donated, and instead use those funds to repurchase the stock you donated. This will give you a new higher cost basis and replenish your original stock holding.
 
Another thought is that you can also use this as an opportunity to rebalance your portfolio. Sometimes folks are highly concentrated in company stock, but don’t want to sell because of the potential large capital gains. Well, using the strategy above, this could be a way to sell and rebuy other holdings to diversify, as you don’t have to rebuy the same stock.
 
This is ultimately a strategy that changes the way you give, and results in providing yourself the gift of lower taxes and potentially a more diversified portfolio!

Comments are closed.

SERVICES
ABOUT US
CLIENT RESOURCES
E-NEWS
CLIENT REVIEWS
CONTACT US

Picture
Picture
​​© 2023 Peshke Financial Inc., all rights reserved. NMLS #2244878. "Making Finances Simple. Changing Lives." is a pending trademark with USPTO. Material contained in this website is for informational purposes only and is not meant to be construed as direct financial advice for your specific situation. It is recommended that you consult with your own advisors for any personalized financial guidance. Since we’re not licensed attorneys, we cannot provide legal advice. As such, any info contained in this website should not be construed as direct legal advice. Individual Licensure (see profiles) - click here. Send Docs Securely - click here.