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Deductions & credits
Yes, contributions to a donor-advised fund require cost basis information to determine the value of the donation. 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.
To determine the amount to use for cost basis, look for the tax basis on your monthly brokerage account (not Charitable) statement. In the month you funded your donor advised fund, the statement should show the shares of each fund donated. You may need to go to the previous month's statement to get the total cost basis for all of your shares so you can calculate an average cost basis per share. Multiply the cost per share times the number of shares donated to get the total cost basis.
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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