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Best practices for entering stock donations consisting of multiple stocks

Samantha Sukow

Hi,

We have received a few stock donations that consist of several different stocks (XX shares of stock A, XX shares of stock B, XX shares of stock C, etc.). Should we be entering these as one stock donation, or as separate gift entries for the different stocks? We normally put the # of shares and type of stock in the reference (XX shares of stock A), and then put the broker fees and stock sale amount in when it sells, so at first we separated them to distinguish them and not cause confusion. But then, when you pull "last gift" or "largest gift" it isn't accurate as the gifts were separated out. If we combine all the stocks, can we just add together the stock sale amount of each stock - and put this number as the stock sale amount - as well as add together the broker fees from each stock and put in broker fees? What is the best practice or recommended approach?

Thanks - Samantha

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Comments

Elizabeth Perron

Moved this forum post from the Community Help Community to the RENXT Community in hopes of getting more product specific eyes & replies...

Daniel Bayer

I always separate gifts like this out, mostly because of receipting reasons, but if you're concerned about Last Gift reports, you can always enter as one big gift and put the breakdown of how many shares/price of shares in the reference line.

Dan Snyder

I would add to just be consistent in whatever approach you take so you and other users know how to interpret or understand the gift data they are seeing.