topic Charitable Deduction - Publicly Held Stock in Get your taxes done using TurboTax

Charitable Deduction - Publicly Held Stock

ToddBurbank — Wed, 25 Feb 2026 05:41:30 GMT

Turbotax is entirely screwed up on the contribution of publicly held shares. The IRS does not require an appraisal if you are donating publicly held and traded shares, but TurboTax is requiring an appraisal. I'm not going to do an appraisal. When will this error in turbotax be fixed?

This is a $120,000 donation of VOO, a very widely traded S&P 500 traded stock, that was given to my donor advised fund at Fidelity. So this is not some obscure issue here.

Re: Charitable Deduction - Publicly Held Stock

Mike9241 — Wed, 25 Feb 2026 05:51:19 GMT

there may be another flaw. when you selected "average share" for the valuation method, was Form 8283 showing "comparative sales" instead?

Re: Charitable Deduction - Publicly Held Stock

ToddBurbank — Wed, 25 Feb 2026 06:07:45 GMT

Yep, you're correct, it screws that up too.

Turbotax needs to fix this. This is basic stuff.