3 Things to Remember About Documenting Charitable Gifts of Property, Securities and Art.
Last month in this blog, we described five ways to be diligent about documenting charitable gifts of cash or out-of-pocket expenses to preserve your tax deduction. But what about gifts of property – does giving something other than cash change the taxpayer’s responsibilities? According to the tax regulations, the answer is no and yes.
Legacy Matters Online is a curated resource featuring insights from Nutter’s Private Client and Nonprofit and Social Impact attorneys. Through blogs, client case studies, and downloadable guides, the site supports individuals, couples, and multi-generational families seeking to convey wealth, and its responsibilities, to children and grandchildren, make a philanthropic impact in the community, and prepare for the life events we all face.
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Editor in Chief; Partner, Private Client; Co-Chair, Nonprofit and Social Impact
Partner, Private Client
Chair, Tax; Co-Chair, Nonprofit and Social Impact