Suppose I have $10,000 in ESPP shares over a year ago
and it appreciated to $11,000 this year. If I donate $5,000 of the
shares to charity and sell the remaining $6,000 for myself, what will my
tax liability be? Suppose I can take the full $6,000 deduction, how
will this be beneficial to me as opposed to selling the whole $11,000
and donating $5,000 separately?
Thank you for taking time to answer my questions.
Edit: Perhaps I used the wrong terms. How is capital gains calculated
in the two scenarios? Will there be any benefits to donating the stock
as opposed to donating the proceeds of selling the stock? Thanks in
advance.
| Capital gains are capital gains. Is ok
Otto. The date of donating stock is the same as selling it so the same value is placed on it @ the date of sale or xfer. Did you ever receive any information on your W-2 for the purchase of the stock as an employee? Again, you need to consult with someone who has the full disclosure of your basis in these options and can then see what your cost basis is. – SandySea Jul 14 at 23:08 |