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    Stock Transfer To Charitable Organization

    Just needing confirmation that I am reporting Transfer of Stock to a Charitable Organization correctly. I am reporting it on Form 8283 Part One. And is it also correct that it is only deductible up to 30% of AGI?
    Thank you!

    #2
    Yes; yes but reference the link below to see how it may apply to your scenario, in case your scenario may contain more info. than in your post: (Also, click on the points at the bottom of the article.)

    Learn and follow these IRS stock donation rules to make sure your donation is compliant and receives the correct tax deduction.
    Always cite your source for support to defend your opinion

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      #3
      Is this a private corporate stock or a publicly traded stock? If private, then if FMV goes above the threshold, it requires an official appraisal attached to the Form 8283.
      Uncle Sam, CPA, EA. ARA, NTPI Fellow

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