How do I record a common stock donation to a charity? TT askes for cost basis in stock which is not relevant. Should I enter zero as the cost basis?

I donated share of an index fund to a charity. When I enter it in TT, TT asks for the cost basis which is not relevant; I should receive full donation for the value of the securities donated, not the appreciated value.

992

Level 15

Mar 14, 2025 12:01:48 PM

the basic online version does not include schedule A or form 8283 which is where donations of publicly traded stock are reported in section A.

see the form and instructions for section A

https://www.irs.gov/site-index-search?search=8283&field_pup_historical_1=1&field_pup_historical=1

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How do I record a common stock donation to a charity? TT askes for cost basis in stock which is not relevant. Should I enter zero as the cost basis?