Q2007: How to donate appreciated stock

Asimpler method is to use Share Removal and then in one of your other accounts (I use a checking a/c) add a Deposit for $0 and split like this:

1. A Misc. Expense Cash Offset equal to the value of the donation.
2. A Donation in the same amount but negative. NOTE: this is a negative amount since Donations are an Expense

Eric

Eric

But that is not an item that affects taxes.

You could set up an item specifically for donations off-set

Here's another, simple, approach to dealing with the situation. But first, if you're simply doing a Remove shares transaction for the donated stock you should see no capital gains for those shares. SO if that isn't happening I think you need to be sure you're using the right transaction type.

Then, if you use It's Deductible, just enter the stock transfer information there and TurboTax will pull in the information appropriately for you income tax reporting.

Hope that helps.

Thanks, everyone. I misspoke about the capital gains: A Capital Gains report in Q2007 showed the removed shares but had the basis and sales price as the same, thus no actual capital gains. The report did show those shares and I'm sure TAT would have picked it up. I may try one of the suggested workarounds but it would certainly be nice if Intuit made a provision for this very common transaction. There seems to be a dearth of actual improvements from release to release while a transaction like this isn't covered.

John