Thanks for the suggestion! Currently, GiveCalc handles the charitable deduction value whether you donate cash or appreciated assets—you’d enter the fair market value of the assets as your donation amount. (One limitation is that we assume all donations are cash, which can be deducted up to 60% of AGI, while appreciated assets are limited to 30% of AGI.)
Would love optional inputs for short and long term capital gains of appreciated assets donated
Thanks for the suggestion! Currently, GiveCalc handles the charitable deduction value whether you donate cash or appreciated assets—you’d enter the fair market value of the assets as your donation amount. (One limitation is that we assume all donations are cash, which can be deducted up to 60% of AGI, while appreciated assets are limited to 30% of AGI.)
We could add functionality to compare scenarios, like donating an appreciated asset vs selling it and donating the after-tax proceeds. I’ve opened an issue to explore this: https://​​github.com/​​PolicyEngine/​​givecalc/​​issues/​​41
Could you help us understand your use case? When considering donating appreciated assets, would you want to:
See the tax implications of donating at current market value, accounting for the 30% AGI limit?
Compare with the scenario of selling the asset and paying capital gains tax?
Something else?
Your thoughts on which calculations would be most helpful would be great to hear.