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Description
Currently GiveCalc helps users understand tax implications of cash donations. We could help donors optimize their giving by informing them about appreciated asset donations.
Minimal version:
- Add an info box explaining that donating appreciated assets held >1 year can be more tax-efficient than cash
- Link to IRS/other documentation about the rules
- Include appropriate disclaimers about consulting tax advisors
Potential future expansion:
- Optional calculator showing:
- Charitable deduction value (already modeled)
- Capital gains tax savings (would need cost basis input)
- Clear explanation of counterfactual assumptions
- Documentation page about different asset donation strategies
Questions to resolve:
- Where to show the info box? After tax calculation?
- What specific documentation to link to?
- How to phrase the tax savings explanation without implying everyone would have sold the assets?
PatMyron
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