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Deductions & credits
I noticed that if it was a short term sale it did reduce the refund. If it were long term it would not.
Per the IRS: For purposes of figuring your charitable contribution, capital assets also include certain real property and depreciable property used in your trade or business and, generally, held more than 1 year.
See Capital Gain Property / Capital assets: Charitable Stock Donation
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March 22, 2020
1:39 PM
17,582 Views