Jan 10, 2019
9:32:57am
9:32:57am
If you are investing over the long term, once you have a base
of investments, you almost always have a gain to cash in because the market generally goes up over a longer term.
For example - if you bought something in 2015 and decided to donate something in late 2018, you would most likely have a gain in that holding, even though the market was down in 2018, and could still donate it.
If there was a situation where I couldn't DIK, I would pay cash. I can't remember the last time I didn't do a DIK.
Remember. No one should invest money they can't afford to lose.
For example - if you bought something in 2015 and decided to donate something in late 2018, you would most likely have a gain in that holding, even though the market was down in 2018, and could still donate it.
If there was a situation where I couldn't DIK, I would pay cash. I can't remember the last time I didn't do a DIK.
Remember. No one should invest money they can't afford to lose.
Originally posted on Jan 10, 2019 at 9:32:57am
Message modified by Acorn on Jan 10, 2019 at 9:39:52am
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1/10/19 11:26am
Correct. l specify the date of purchase and # of shares so that, if audited, the IRS has no basis to conclude
1/10/19 11:41am
I keep records including the DIK form I send to the Church. My accountant (who is not a member of the Church) thinks
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