John Bullis

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December 25, 2012
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John Bullis: Charitable gift annuity benefits

If we look long and hard, there are answers to tough situations.- Consider Sue, at age 76, she owns shares of stock she purchased a few years ago for $65,000 and are now worth $100,000.She would like to diversify her holdings, but is not happy about the idea of paying tax on the $35,000 of capital gains if she sells the stock. She has a favorite church or charity, but would like more income.She might consider establishing a Charitable Gift Annuity with her favorite church or charity.If she did the Charitable Gift Annuity, she would not pay income tax on …

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The Nevada Appeal Updated Dec 25, 2012 12:07AM Published Dec 25, 2012 12:07AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.