How to Increase Your Basis Over Time - The S&P 500 Fund

Jasmine was able to increase her basis by $2,857 through contributing and appreciated security to her charitable giving fund. She essentially bought back in today and increased her basis instead of having $78,000 of basis. If your basis is hiring your taxable account, it's easier for you to get into it without generating more taxes. You would be surprised how many people won't touch accounts because of the tax impact of getting to that money.