Gifts of appreciated stocks, bonds, treasuries, and mutual funds can result in additional tax savings. You can deduct their current market value, up to 30% of your adjusted gross income, and avoid the capital gains tax you would pay if you sold them. You may even carry over excess deductions for an additional five years, as long as the deduction for any one year does not exceed the 30% ceiling.
For more information, or to make a stock or securities gift, please contact Laurel Mallon at 612-624-2490 or mallo001@umn.edu.