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A Little Known Tip for Harvesting Gains and Avoiding Taxes (Legally)

Planned Giving

Let’s say you bought 10 shares of Nvidia in 2021 at $150 per share, or $1,500. This will reduce your future tax liability when you sell the stock. Please consult with a tax professional before taking action. As a quick refresher, the example below shows how the tax savings can stack up.

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Crypto fundraising: diversifying donations for GivingTuesday

Candid

According to Endaoment’s 2021 Impact Report , the average cryptocurrency donor skewed younger—between the ages of 25–34. Please consult a tax professional when determining how a gift of cryptocurrency could affect your tax liability. Enter the crypto-philanthropy landscape!?. per transaction.

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501c.yada, yada, yada

Sharpshooter Communications

For more detail on the most common ones, keep scrolling: Disclosure: The following comes from information from the IRS and other sites retrieved in August 2021. If you have questions or concerns about your own status, please consult someone with expertise in tax status regulations. I’ve included the links. I am NOT an accountant.