Subject: Re: Harris and the Dem tax proposals,
So, the donation must be liquidated in a certain time period, for the donor to get the tax write off?

No. First, it applies only to certain tangible assets (mainly cars, trucks and boats). It doesn't apply to stocks and bonds. Second, if the charity DOES sell the tangible asset, the price they get is what the donor gets to deduct. If they instead choose to use the asset in their charity (an example might be keeping a car to use), they have to report that to the donor and then it's up to the donor to value the asset.

None of this applies to Buffett's donation of his stock. That is valued based on the price of the stock on the day it was transferred.

--Peter