I do not know that those pages are wrong.  I have no problem deducting the FMV, but show me where in your pages it says you do not have to take into account the income side of things?  Your reference only talks about the deduction side of things.  I want something that says, "Oh, and you do not have  to recognize the income that would have been generated,  as if you had sold the stock."  By not recognizing the income and deducting the contribution at FMV, seems to me that you have  a double benefit, which I can't believe is the way it works.  I just want something that says this is not a problem, and  I can't find it.