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1. Yes so you do not want to do that. Short term is painful since you only get the cost basis where long term gets fair market value.  2. No. You need to make two entries. One for long term stock held more than a year and one for short term stocks - held less than a year.   To enter the long term: Date acquired: you can choose various and long term or you can enter the date of the most recent purchase that is long term.  Cost basis: total all long term lots Value: Total FMV on date of donation   To enter the short term: Date acquired: Use the earliest date  of the short term group Cost basis: total of all short term lots Value: total FMV on date of donation The program will apply the limiting factors and limit the deduction to your basis.   For the Form 8283 - if value over $5,000 you will need to provide more specific details -# of shares and other useful information.

Thanks for reply. I understand the TT calculation, but my question is why would calculations be  per person, when dollar amounts used to calculate the phased out credit amount are joint numbers, so subtraction should be based on the joint $12k amount, and not the per person amount.  Seems logical to me.  Using the per person calculation reduces the overall credit in my view

Thanks but I'm not sure this will work?  I have two TT entries, one for house, one for roof.  If I change the cost of the house entry to be cost plus land, it's going to depreciate the land on the straight line method for this year.  I don't want that.     Edited to add:  Your response implies that there are multiple places to enter the cost of a depreciation entry.  My version of TT only has one place to enter cost per depreciation entry.  So the house has a cost entry and the roof has a cost entry but they each only have one place to enter the cost, as far as I can see.

You can't make any changes to your tax return if you have already submitted it.    Have you already filed your return?   If you have not yet filed, see the link below to update your direct deposit information.      How do I change my bank info for direct deposit?   IRS Online Account

T46,  Thanks for sharing.  We all do share in your frustration.  It sounds like your return has been in the dreaded Colorado State "Return Not Received or Not Yet Processed" BLACK HOLE queue for almost 3 weeks.  I've nicknamed this the dreaded Colorado state BLACK HOLE because we have no idea what number we are in line with everyone else in the queue. I wish Colorado State would provide our number in line when we check the status of our return.  It would certainly go a long way in appeasing tax filers frustration since our returns are in this queue so long.  I'm not holding my breathe though waiting for the State to do this.  Anyway, I would recommend you call the Colorado State Tax Line, at (303-238-SERV), in the next week or two if your return doesn't advance to the next queue.  Ask to speak to a live person.   Please continue to update us with your experience in this thread.  It will help everyone else in the same situation to set some level of expectation with their return.

Thanks!  In the meantime I think I've found a cost basis for shares.  When I enter that, my deduction is reduced.  I believe that now it is saying this is a 30% donation rather than a 50% donation.  I know the residual can be carried over to 2026, do we have to itemize to get that credit in 2026?   Sadly, none of the additional information for the limitations really apply to Donor Advised Funds, so it is not that helpful.  Your explanation is and confirms I have not placed limitations.

Have you gone all the way through the CO tax return, specifically the retirement section?   On the page title Here's the income that Colorado handles differently, the first section is Retirement.  Make sure you click Start there and go through the interview questions to ensure you are receiving the exclusion on your CO tax return.     If you were at least 55 years old at the end of the year, part or all of your income from your pension, annuity, Social Security or IRA accounts that is taxable on your federal tax return may not be taxed by Colorado.   

You will have to pay the TurboTax account fees before you can print the tax return.   To pay the TurboTax online account fees by credit card, without completing the 2025 return at this time, click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return. On the next page, to pay by credit card, click Pay Now. Complete the credit card section and click on Confirm payment.