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36girl
Guest
Recently retired, out of the loop!! Can anyone tell me what the new rules are for donating UPS stock to charity? Thanks
Sell the stock, deposit in your checking account, then write a check for your charity!Recently retired, out of the loop!! Can anyone tell me what the new rules are for donating UPS stock to charity? Thanks
Raw just because you worked for H and R block for 1 summer doesnt mean your a financial investor now.Sell the stock, deposit in your checking account, then write a check for your charity!![]()
NO!!!!
Do NOT sell the stock and then write a check from a portion of the proceeds to the charity.... you will have to pay capital gains taxes.
xdyaq9 is 100% correct. You can avoid taxes by donating the stock directly. The Mellon web site has forms that you can print that are specifically for the donation of Class A stock. Take some time and take a look at the Mellon web site and you will save yourself money in the end, as well as doing a nice thing by donating to charity.