JohnB5677
Expert Alumni

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

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"