Certificates of Divestiture

A Certificate of Divestiture (CD) is a mechanism which allows an employee who must divest certain financial interests to reduce a potential tax burden.  The CD is used when you would realize a capital gain from the sale of a holding, and it permits you to defer the tax on the capital gain because you had to sell the holding due to your Government position. 

The Office of Government Ethics has released a revised format for requesting a Certificate of Divestiture (CD) (Program Advisory PA-19-10).  Additional resources and frequently asked questions are included below.

• Program Advisory PA-19-10, dated August 27, 2019 (PDF,9 pages)
  Revised Format for Requesting a Certificate of Divestiture.

• Program Advisory PA-16-04, dated June 3, 2016 (PDF,4 pages)
  OGE’s Certificate of Divestiture Reference Guide.
  A one-page reference guide on Certificates of Divestiture (CD). This guide is designed for employees but will also assist ethics officials in navigating the CD process.

• Frequently Asked Questions About Certificates of Divestiture (PDF,9 pages)
  Note : OGE has revised the requirements for a CD since they prepared this document; therefore, you should refer to the Program Advisory, PA-19-10 for updated information.

• A Primer on Certificates of Divestiture (PDF,33 pages)
  OGE presentation and training on Certificates of Divestiture (September 9, 2014).

• "Smooth Sales" (PDF,2 pages)
  OGE produced pamphlet for employees about the Certificate of Divestiture program. Document is intended to be printed double sided and folded to form the pamphlet.

Updated: 12/02/19