I am interested in a strategy to reduce tax burden from capital gains.
For example, let's assume we have someone at the highest capital gains bracket for long term gains and for the sake of this question assume a tax rate of 50% to make math easy.
If I liquidate $12k of assets with a capital gain of $10k, then the tax due on that is $2k. Now, if we donate $4k, would that mean that there will be no tax burden when the transactions are combined.
