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20 Ways to Reduce Your Taxes in 2024: A Guide for Founders, Startup Employees, and Executives

Harness Wealth

Additionally, if the donation consists of appreciated securities or assets, the donor can avoid capital gains taxes that would otherwise arise from selling those assets. The rule states that the sale of a security followed by repurchasing a substantially identical security within 30 days before or after the sale disallows the tax deduction.

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