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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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IsabellaG
Expert Alumni

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

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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1 Reply
IsabellaG
Expert Alumni

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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