politics
Trump Administration Considers Allowing Appreciated Stock Donations to Trump Accounts
Officials are discussing a proposal that would let wealthy individuals donate company shares to the investment accounts, potentially with significant tax advantages. The plan would add stocks to Trump Accounts. Reporting on the talks was published by Forbes and The New York Times.
May 6, 7:51 AM·1m read2 sources
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The Trump administration has held talks about allowing some of the world’s wealthiest people to donate shares of their companies to Trump Accounts, according to reports citing internal discussions. Forbes first reported the existence of these conversations, which The New York Times later described as part of a broader internal debate about expanding the investment options available inside the accounts.
The accounts were originally designed with certain permitted holdings. Administration officials have discussed whether to permit donations of company stock and what tax treatment such donations would receive. Both outlets reported that the talks remain at an exploratory stage.
Officials have not yet decided whether any changes would require legislation or could be accomplished through regulatory adjustments.
The New York Times reported that proponents within the administration have argued the change could encourage greater participation by high-net-worth individuals. No final decision has been made.
