turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Pelorus
Returning Member

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

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?

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 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question