Do I have to report the sale of stock that we transferred directly to a non profit?

joaniewidomski · ‎June 4, 2019

we are claiming the transfer as a donation.

IsabellaG · ‎June 4, 2019

No, if you transferred the stock directly from your broker to the charity's account, you wouldn't report it as a sale. You shouldn't get a 1099-B for this transaction, and you would claim the contribution as a charitable donation.

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IsabellaG · ‎June 4, 2019

No, if you transferred the stock directly from your broker to the charity's account, you wouldn't report it as a sale. You shouldn't get a 1099-B for this transaction, and you would claim the contribution as a charitable donation.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Do I have to report the sale of stock that we transferred directly to a non profit?