This is crazy. People have posting about this on the forum since at least 2020.
Nothing posted has been a solution, and TT experts are striking out.
I have jerry-rigged the input and will include with the return, the letter from the charity that shows why I did what I did. You have to send this in anyway for large amounts, if you are e-filing .
My Charity shows the cost of what I actually gave, what they deducted to fund the annuity, and the resulting contribution to the charity.
$291,232 - $116,050 = $175,182 (letter from charity)
The share price donated was $88.66 and involved 3,284.82sh ( the $291,232)
The 175,182 represents 1975.88 sh (175182/88.66)
The price of the stock when purchased was $48.70/sh which you figure out from your records
The actual donation of $175,182 represents original cost $96,225 (1975.88 x $48.70)
There you have it. Enter it with the stock symbol for the stock or mutual fund.
Explain what you did in the letter.
Presumably if you are limited as to what you can deduct, TT will keep track of what you are carrying over.
