Ow do I report Master Limited Partnership shares donated to a charity?

dick_garrett — Tue, 23 Mar 2021 10:38:43 GMT

Re: Ow do I report Master Limited Partnership shares donated to a charity?

DavidD66 — Wed, 24 Mar 2021 04:02:00 GMT

It's not as simple as donating shares of common stock, or ETFs. your charitable donation is limited to the stock market appreciation over what you paid for the units (which is different from your tax basis). If there is ordinary income that has been deferred, you are liable for that at the time of the donation. For example, buy an MLP at $50, let the basis run down to $0, then donate to charity when the shares are trading for $52: Your charitable deduction is $2.

topic Ow do I report Master Limited Partnership shares donated to a charity? in Deductions & credits

Ow do I report Master Limited Partnership shares donated to a charity?

Re: Ow do I report Master Limited Partnership shares donated to a charity?