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Get your taxes done using TurboTax
Hi MonikaK1 -
Thanks for your response. As I had mentioned, I did an override on the Contribution Worksheet to reflect "Average Share Price" for the valuation method. This resulted in "Average Share Price" being properly shown on my Form 8283. However, the override on the Contribution Worksheet resulted in an error message. My concern is that with the error message, I may be prevented from Electronic Filing.
As you stated, the user should not need to override the entry. For stock donations, the user should be able to select "Average Share Price" for the valuation method and the Turbotax program should not default that to "Comparative Sales".
I appreciate you reporting this issue for further review. This should be corrected so that "Average Share Price" can be selected as the valuation method for stock donations.