I believe this applies only to stock that has appreciated in value, right? If you have losers, you want to take the capital loss (either to offset your capital gains, or to reduce your other income by up to $3,000 with carryover available).
There’s an argument for some people to buy stock to donate. Those of us who bunch their donations to maximize deductibility should probably be buying a variety of somewhat volatile stocks during our off years, donating the winners either directly or through a DAF during our giving years, and selling the losers to harvest the losses whenever appropriate. (Just remember to avoid creating a wash sale!)
I believe this applies only to stock that has appreciated in value, right? If you have losers, you want to take the capital loss (either to offset your capital gains, or to reduce your other income by up to $3,000 with carryover available).
There’s an argument for some people to buy stock to donate. Those of us who bunch their donations to maximize deductibility should probably be buying a variety of somewhat volatile stocks during our off years, donating the winners either directly or through a DAF during our giving years, and selling the losers to harvest the losses whenever appropriate. (Just remember to avoid creating a wash sale!)