- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Thus far the answers are so not helpful. The specific question is on the "Noncash Contributions Worksheet" Part IV, line 10 where it is asking "Cost or adjusted basis in the donated property". Should the answer be either "Cost" or "Adjusted"? Really does not make it clear what should be entered here. Either how the donation was valued or the number/estimate of the donation, which does not make much sense given you have a claimed amount as the deduction, usually based on FMV.
Any clarification based on this information?
‎April 16, 2023
8:58 PM