- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks Critter for responding. It's my understanding that if we sold we would have taxable gain as our basis is $0 (due to the MLP making non-taxable distributions over the past 10 years). I haven't gotten granular but suspect it's something like $19k sale price minus $9k cumulative losses (if I can use them) for a $10 gain, part of which may be ordinary income after all the MLP machinations are completed. Thus, the desire to gift to charity.
‎November 30, 2020
4:29 PM