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Deductions & credits
Yes I am in the Itemized Deduction tab. How do you report the valuation provided by the Institution.
It is not the cost basis of the stock. It is not the market value of the stock. It is the current value less the present value of future annuity payments over our lifetime. Example - the Market value was $310,000 at the time of the dontation. The cost basis was $140,000 purchased a various times. The Valuation provided by the Charity was $160,000. How do your report this information into Turbotax.
‎September 6, 2024
9:21 AM