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You do it in the exact same way you'd report gifts of stock directly to a charity; long term holdings are valued at their fair market value at the time of donation and short term holdings are valued at the lower of their cost or fair market value. You should get a receipt from the account's trustee at year end for the value of your contributions for the year.
Tom Young
You do it in the exact same way you'd report gifts of stock directly to a charity; long term holdings are valued at their fair market value at the time of donation and short term holdings are valued at the lower of their cost or fair market value. You should get a receipt from the account's trustee at year end for the value of your contributions for the year.
Tom Young
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