Gifting stock can result in a gift that costs just pennies on the dollar. Stocks held more than twelve months offers a two-fold tax savings. You avoid paying capital-gains tax on the increase in value of your stock, and you receive a tax deduction for the full fair market value of the stock on the date of the gift.
How to Give Stock to Coffee House Press
Please contact your financial institution and provide the following information to your broker in writing:
Charles Schwab & Co., Inc.
PO Box 628291
Orlando, FL 32862-8291
Receiving Institution: Charles Schwab & Co. Inc.
DTC clearing number: 0164, code 40
Schwab Account Name: Coffee House Press
Schwab Account Number: 1935-0257
Coffee House Press Tax ID Number: 36-3332945
If your broker has any questions or needs further assistance, they can contact Schwab directly at (800) 435-4000.
Please also contact Coffee House Press at (612) 338-0125 or email@example.com to inform us of your transaction. Thank you!