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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?
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‎June 3, 2019
11:04 AM