Suggestions

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Add 'NonTaxable' checkbox in More Options in Charity Expense and Custom Expense

Gifting appreciated stock to children (or others) via Custom Expense or to a QCD via Charity Expense or Custom Expense needs to have a NonTaxable checkbox added into More Options. Presently PL considers these giftings as LTGC when they are outright transfers and nontaxable.

4 votes

Tagged as Suggestion

Suggested 09 July 2023 by user Roger Schutte

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  • 09 July 2023 Roger Schutte suggested this task

  • 09 July 2023 Kyle Nolan approved this task

  • avatar
    Brian Lenz

    Yeah, this would be great to have! We leverage a donor-advised fund and only donate long-term appreciated assets (in-kind). These donations are tax-free (plus a deduction), but it doesn’t look like there’s any way to model it in PL; the LTCG are always applied as if the asset was sold prior to being donated.

    25 June