Donating Appreciated Stock

What I did was first remove the shares I donated from the account. Then, I added the shares back into the account, at the cost at time of the donation. Then, I sold the shares at the cost at time of the donation. Finally, I withdrew the proceeds, showing the charity as the payee, and allocated the transaction to my charitable contribution category. End result, no capital gains shows in the capital gains report, and the contribution shows up in my charitable contribution category, to the charity receiving the contribution. Not sure if this is what I was supposed to do, but it seemed to work for me. I'll figure out how to handle it in TurboTax, when I do my taxes next year, but Quicken seems to be showing the right stuff for the contribution.

Chuck

Tyler Franks wrote:

Thanks Chuck. It's not perfect, but it's better than I had. Turbo tax is going to show this as a "cash" donation however, which will have to be changed. But still ,your solution was elegant.