A charitable gift is considered made on the “date of delivery.” Determining that date is important. It determines: (1) the tax year in which the gift is deductible; (2) the value of the gift for assets that fluctuate in value (e.g., stock); and (3) in close cases, whether a gift is of long-term or short-term property.
The date of delivery rules vary—depending on the type of property contributed and how it is transmitted to the charity.
Securities
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