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Retirement tax questions
IRS Publication Page 5 Stocks and Bonds Publication 561 Determining the Value of Donated Property
Selling prices on valuation date. If there is an active market for the contributed stocks or bonds on a stock exchange, in an over the -counter market, or elsewhere, the FMV of each share or bond is the average price between the highest and lowest quoted selling prices on the valuation date.
The next question is "What is the valuation date?". I have not found an IRS clear definition for the transfer date. It seems to be whatever is common practice.
The date prior to the transaction has been listed as an alternative. This would make sense because that would be the last full day that would allow the Hi/Low calculation.
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March 30, 2022
7:32 AM