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Deductions & credits
Thanks for your response. Since I made the contribution from a mutual fund I checked the historical data for the opening price of a share on the day of the contribution to the DAF. I will multiply the number of shares by the opening and closing share price to calculate the cost basis and FMV. It turns out the share price dropped $.50 that day so the fair market value will be slightly less the cost basis.
‎February 15, 2022
2:13 PM