You are correct that the cost basis does not affect the amount of the donation. The amount donated is the fair market value on the day of the donation. I have posted this and di get accurate results regardless of the cost basis that I entered. Here are the steps that I followed:
- Be sure you qualify for Itemized deductions.
- Go to Deductions & Credits
- Scroll down to Charitable Donations
- Select Donations to Charity in 2019
- Let's start over and do Add Another Charity
- Enter who you donated to and then select Stock
- Click None of the Above
- Enter dates and values. Date of Donation is in 2019, and Date Acquired should be over a year before.
At this point the Cost Basis should not effect your refund.
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