@DaveF1006
Since the Present value of remainder interest (ie the amount claimed as a deduction) is LESS than FMV (Average share price), it looks like this is considered a "reduced FMV contribution" and I have to mail the deduction calculation.
In Instructions for Form 8283:
"Reductions to FMV.
The amount of the reduction (if any) depends on whether the property is ordinary income property or capital gain property. Attach a statement to your tax return showing how you figured the reduction."
Does this mean once my efiling is accepted, I have to mail Form 8453 (paper) with the deduction calculation as an attachment? There is a checkbox in 8453
[ ] Form 8283, Noncash Charitable Contributions, Section A (if any statement or qualified appraisal is required), or Section B, Donated Property, and any related attachments (including any qualified appraisal or partnership Form 8283)
Thanks!
