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Deductions & credits
If you've held the stock for more at least one year, you will be able to deduct the Fair Market Value of the donation.
However, if you have held the stock for less than one year, it is short term capital gains property, and you can only claim your basis as a deduction.
As long as you've held the stock for one year, the amount that you enter for the basis will not affect your deduction.
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‎February 19, 2020
6:42 PM