I have read about this item in previous posts.
If you made an appreciated stock transfer to a Charity. They have calculated the present value of the value we exchanged and provided an amount to deduct on our tax return. where and how do you report the Charitable Deduction in Turbotax?
You have to itemize to deduct charitable contributions on Schedule A. Go to deductions>charitable contributions.
Yes I am in the Itemized Deduction tab. How do you report the valuation provided by the Institution.
It is not the cost basis of the stock. It is not the market value of the stock. It is the current value less the present value of future annuity payments over our lifetime. Example - the Market value was $310,000 at the time of the dontation. The cost basis was $140,000 purchased a various times. The Valuation provided by the Charity was $160,000. How do your report this information into Turbotax.