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Deductions & credits
If I understand correctly you have already sold or will sell your property and incurred a large capital gain. You can’t just donate that gain to charity and not pay tax on the gain. You first pay taxes on the gain. Then if you want to donate the 273K amount to charity, your tax savings is that amount times your marginal tax rate assuming that you itemize.
November 13, 2022
9:58 AM
1,159 Views