There has been a lot of talk about Washington’s new capital gains tax, levied at a rate of seven percent on Washington residents’ long term capital gains in excess of $250,000. There has been less chatter, and certainly no clear answers, around the unique and somewhat perplexing standard for qualifying for the charitable deduction from Washington capital gains tax.
Click here to read the full article.
Subscribe to Ballard Spahr Mailing Lists
Copyright © 2024 by Ballard Spahr LLP.
www.ballardspahr.com
(No claim to original U.S. government material.)
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.
This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.