Donating stock to charity capital gains tax
22 Nov 2019 Your donation may unlock a charitable income tax deduction based on the full fair market value of the securities or avoid capital gains tax Capital Gains Tax relief. You do not have to pay Capital Gains Tax on land, property or shares you give to charity. You may have to pay if you sell them for more The IRS would call the $10,000 your “cost basis.” If you want to make a significant donation to a charity, you could: Sell the stock; Pay long–term capital gains taxes