Gifts of Appreciated Securities Benefit You and The National Consumer Law CenterDid you know that you can contribute appreciated securities to NCLC and receive certain tax benefits in return for your support?
By transferring appreciated stock and mutual fund shares to NCLC that you have owned for more than one year, you will:
- Avoid the capital gains tax on the securities appreciation
- Receive an income tax deduction for the average value of the shares on the day that they are transferred to our brokerage account
For example: you purchased 100 shares of XYZ stock at $10 per share or $1,000 in November 2003. On August 10th of this year, you transferred these shares to NCLC that had an average price of $15 per share. Based on your generosity and support, the income tax deduction you receive for this gift is $1,500 and you avoid the capital gains on its appreciation.
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Thank you for your support. It has an important impact on economic justice and the work we share.