A Good Tip for Investors

Skilled investors might be knowledgeable about buying and selling stocks but savvy donors know that appreciated securities can also offer a tax-wise option for their charitable giving. If you own stocks or mutual funds that are worth more today than what you initially paid, you can give shares to LLS, take a tax deduction for the full value of the donated securities, and avoid the tax on the capital gain. To take advantage of this double tax benefit, you must have owned the stock for at least one year. Before the holiday season moves into high gear, now is a good time to set plans in motion for combining smart tax planning with charitable giving. For instructions on transferring appreciated securities to LLS, click here. Or contact Nancy Lawler, development director, at 914-821-8825 or email llsdonorrelations@lls.org.