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  • DAF tax question

    I donated appreciated ETFs to a Donor Advised Fund in 2020. Yesterday my CPA asked me for the original cost basis on these securities. Given that there should be no capital gain issues for these donated securities, is it correct that my CPA should need this information? I did give her the info but want to be prepared for what to focus on when I receive and review the prepared tax return. Thanks in advance

  • #2
    Yes the IRS forms ask for the basis even though capital gains aren’t applied - unless you donate shares that you’ve owned for less than 1 year

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    • #3
      Originally posted by PedsCCM View Post
      Yes the IRS forms ask for the basis even though capital gains aren’t applied - unless you donate shares that you’ve owned for less than 1 year
      Thank you for the info. I picked share lots from 2006-2008 so no short term gains. Thanks again.

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