Do I have to report the sale of stock that we transferred directly to a non profit?
we are claiming the transfer as a donation.
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1 Best answer
IsabellaG
Expert Alumni
Jun 4, 2019 7:02:03 PM
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.
1 Replies
IsabellaG
Expert Alumni
Jun 4, 2019 7:02:03 PM
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.