How to Donate Stock to the LDS Church & Avoid Capital Gains Tax

Описание: Are you accidentally giving the IRS money that was meant for tithing? If you are selling your stock to pay tithing on the gains, you are likely losing up to 20% of that money to capital gains tax.

In this video, I break down exactly why donating appreciated stock directly to The Church of Jesus Christ of Latter-day Saints is one of the most powerful financial strategies for members. I’ll show you the math on how to save thousands in taxes, increase the value of your donation, and the one critical rule you cannot break if you want the tax deduction.

In this video, we cover:
0:00 - The problem with selling stock to pay tithing
1:32 - The "Tax Code Magic" regarding charitable donations
3:10 - Real World Example: Selling vs. Donating Direct
4:35 - The Critical Mistake: Do NOT sell first!
5:50 - Step-by-Step Guide: How to transfer stock to the Church
8:20 - Advanced Strategy: Bunching donations

Resources Mentioned: To find the specific DTC numbers and account info for your brokerage, search "Donating Stock" on the Church's official website or contact LDS Philanthropies.

Watch Next: Should You Pay Tithing on Gross or Net Income? [Link]

#LDSFinance #Tithing #StockMarket #TaxStrategy #DeseretDollars #Mormon #PersonalFinance

Disclaimer: I'm not a certified financial planner or tax advisor. Content is for educational purposes only. Please consult licensed professionals for personalized advice.