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From: B on 11 Jan 2010 00:07
On 1/9/2010 9:55 AM, John Bissell wrote:
> I donated some appreciated stock to charity. If I use the "Remove
> Shares" option on the account, the gain shows up as a capital gain. I
> don't see an option that lets me remove selected shares from an account
> and yet not have them show as a gain.
>
> John
Here's another, simple, approach to dealing with the situation. But
first, if you're simply doing a Remove shares transaction for the
donated stock you should see no capital gains for those shares. SO if
that isn't happening I think you need to be sure you're using the right
transaction type.

Then, if you use It's Deductible, just enter the stock transfer
information there and TurboTax will pull in the information
appropriately for you income tax reporting.

Hope that helps.
From: John Bissell on 17 Jan 2010 17:40
Thanks, everyone. I misspoke about the capital gains: A Capital Gains report
in Q2007 showed the removed shares but had the basis and sales price as the
same, thus no actual capital gains. The report did show those shares and I'm
sure TAT would have picked it up. I may try one of the suggested workarounds
but it would certainly be nice if Intuit made a provision for this very
common transaction. There seems to be a dearth of actual improvements from
release to release while a transaction like this isn't covered.

John

"John Bissell" <john(a)jmbissell.com> wrote in message
news:R9GdnZ_xU-2fOtXWnZ2dnUVZ_tadnZ2d(a)earthlink.com...
> I donated some appreciated stock to charity. If I use the "Remove Shares"
> option on the account, the gain shows up as a capital gain. I don't see an
> option that lets me remove selected shares from an account and yet not
> have them show as a gain.
>
> John

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