topic Stock donation questions in Deductions & credits

Stock donation questions

T K — Wed, 12 Feb 2025 08:25:15 GMT

Hello,

I made some stock donations in 2024 and I have some questions:
1. Should I receive any documents from my broker regarding these donations? I dont see anything related to that on 1099 form received.

2. Do I need to file any different forms for that donation other than 8283 form?

3. I didnt file yet but I dont see any info related to the stocks in the form 8283 from irs
https://www.irs.gov/pub/irs-pdf/f8283.pdf

Thanks and regards

Re: Stock donation questions

SteamTrain — Wed, 12 Feb 2025 13:54:20 GMT

The charity organization who received the stock should send you a form 8283....not the brokerage that the stock came from.

The broker may show you transferred out some stock in their account updates, but they don't report anything about it to the IRS.

You just enter your stock donations on the Deductions&Credits page, down in the charity section. When you indicate who it was sent to, and select 'Stock" as the donation type, answer the follow-up questions and TTX will prepare a form 8283 in the background for you. The donations should show up in Section A, Part I of that form.

But you need to get an original 8283 from the charity. Call them and ask.....perhaps they are mailing one out soon,

Re: Stock donation questions

T K — Fri, 14 Feb 2025 02:53:39 GMT

Thanks alot but how come the charity organization sends me 8283?

Do you mean just the info I need for filling 8283?

Thanks alot

Re: Stock donation questions

RobertB4444 — Tue, 18 Feb 2025 16:49:30 GMT

Yes, the info for filling out the 8283. The deduction that you receive should be detailed on a letter or form from the charity valuing the donation. If the value is in excess of $5,000 then you may need to submit a copy of that to the IRS with your return this year.

@T K