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Deductions & credits
Q. Do I include it on Charitable Donations and list "Fidelity Charitable" as the charity, similar to how I would include my cash contributions to other qualified charitable organizations?
A. Yes, it's that simple.
Q. Do I use the Fair Market Value (FMV) of the cash contribution as the amount?
A. Yes. But, the term FMV is not unusually used when talking about a cash donation. When you indicate, in TurboTax (TT) that you made a cash contribution, TT will ask for the amount, not the FMV.
‎January 16, 2022
3:48 PM