dplemaire
New Member

Do I eliminate LT Capital gain for appreciated stock donated to charity?

I donated appreciated stock directly to a recognized charity (some held less than 1-year, some over 1 year).  My 1099-B shows the stock sale proceeds and cost basis broken into ST and LT transactions and has been imported to TurboTax.  I am taking the FMV from the charity as a Charitable Contribution, but TT is showing the capital gains.  How do I eliminate the LT gain from income as I should not pay the tax on LT gain?