Taxing Questions: The Double Benefit of Stock Donations to Trump Accounts The proposed expansion of Trump Accounts, which allow high net worth individuals to donate stock to these investment vehicles, has raised eyebrows in the tax community.
As reported by CNBC, wealthy donors like Brad Gerstner are advocating for the change, citing its potential to maximize multi billion dollar gifts.
The move would grant donors a double tax benefit: they could avoid capital gains tax on their appreciated shares and deduct the stock's fair market value against their income.