The reason why it is asking the basis is that if your basis is less than the fair market value of stock, then the basis amount will be used for the deduction. If your fair market value of the stock is less than the basis, then the fair market value is used. If you are not sure what the basis is of the stock, enter a "0" and whatever value the stock is presently is what will be used as the deductible donation amount as it is the Fair Market Value of the stock at the present time.
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