Charitable Donation

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Mark,

I recently made a charitable donation of 24 shares of IBM. The shares were transferred out of my account (and into the account of the charity), and obviously I received no money for this transaction. How do I account for the removal of these 24 shares in Fund Manager? If I call it a redemption, I have to enter a selling price, when in fact I received $0 for the 24 shares. If I were to enter $0 as my selling price, whis would create an erroneous loss on my capital gains report, and also artificially lower the ROI on my portfolio.

How should I account for this share removal? Similarly, if shares were ever added to my account at no cost to me, how would I account for this? (i.e. If my parents were to transfer me stock.)

Thanks,
Kenny

Replies:

• Re: Charitable Donation Mark 19:11:21 10/13/99 (2)
  • Re: Charitable Donation Alan Shapiro 16:28:12 10/16/99 (1)
    • Re: Charitable Donation Mark 13:51:27 10/17/99 (0)