How to Offset Capital Gains Taxes
- 1). Determine the amount amount of capital gains you would like to donate. The more you contribute, the fewer taxes you will pay.
- 2). Locate an investment banker with a range of charitable gift trust products. There are a number of options available, but perform your research so that you are informed as to where your money is going.
- 3). Deduct the amount of capital gains you donated from your federal income taxes. Thus, you earned the money, gave it away, then earned it back as a tax write-off at the end of the year.
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