If they donate appreciated stock or real estate:
• They get a deduction for the full fair market value, and
• They pay no capital gains tax on the appreciation.
This is how billionaires remove taxed and untaxed gains from their personal estate.
If they donate appreciated stock or real estate:
• They get a deduction for the full fair market value, and
• They pay no capital gains tax on the appreciation.
This is how billionaires remove taxed and untaxed gains from their personal estate.