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What happens if I donate my QOF interest to charity?

Is that considered an inclusion event?

  • Matthew Rappaport
    February 10, 2020

    A charitable gift of a QOF interest is considered an inclusion event to prevent a taxpayer's windfall. If you get a full deduction without an inclusion event, then you avoid recognizing the gain and get the write-off. The government considers this potentially abusive.

  • Peter McNeil
    February 10, 2020

    This creates an inclusion event. The deferred income from the original investment is recognized.


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