A gift of stock may be more tax-wise than a cash gift. As stocks grow in value, they may appreciate substantially beyond the original investment. When the stocks are sold, any growth above the original cost is considered a capital gain and is subject to federal capital gains tax of up to 20 percent (15 percent federal rate and many states treat capital gains as ordinary income). By giving Colorado Coalition of Land Trusts appreciated securities (that have been held at least a year and a day), you can avoid the capital gains tax and receive an income tax deduction for the fair market value of the stock at the time of the gift. Please call us at 303-271-1577 for instructions on how to make an electronic transfer of your gift of stock or mutual funds.
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