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Returning Member
posted Dec 22, 2022 11:52:23 AM

Can I make a charitable donation of stock from my ROTH IRA at my cost basis?

Can I make a charitable donation of stock from my ROTH IRA at my cost basis?

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1 Best answer
Level 15
Dec 22, 2022 3:40:17 PM

What do you mean by "at my cost basis?"  Investments within a Roth IRA don't have a capital cost basis.

 

There is no taxable difference between making an in-kind distribution directly from the Roth IRA to a qualified charity and instead selling the shares within the Roth IRA followed by making a cash distribution from the Roth IRA paid directly to the charity.

2 Replies
Level 15
Dec 22, 2022 1:09:23 PM

@dmertz 

Level 15
Dec 22, 2022 3:40:17 PM

What do you mean by "at my cost basis?"  Investments within a Roth IRA don't have a capital cost basis.

 

There is no taxable difference between making an in-kind distribution directly from the Roth IRA to a qualified charity and instead selling the shares within the Roth IRA followed by making a cash distribution from the Roth IRA paid directly to the charity.