I donated highly appreciated stock to a CRUT and can't figure out how to both (1) get the information into the system for the Form 8283 Part I and (2) limit the overall deduction for the donation to the present value of the remainder interest. I have tried all sorts of combinations, and either the entire donation is used as a deduction, or the Form 8283 has artificial values on it. It seems like I'm going to have to enter the present value as the donation, then print my overall return, replace the TT Form 8283 with a manually created Form 8283, then mail the return.
Has anyone been through this and can help?
SHOULD WORK way 8283 should appear
d)) date of contribution
e)) date acquired
f) how acquired
g) your basis
h) present value of remainder interest - should be equal to the deduction unless limited by AGI
1) valuation method - present value
for turbotax
donation description x shares of ????????
donation type i - publicly traded stocks
form 5227 for the CRUT is due by 4/18/2023
I followed your path, and I'm able to get the Part I to fill in correctly. However, I need Part II, section 5 completed also:
a) Is there a restriction....... should be checked No
b) Does anyone else have rights to the income....... should be checked Yes
c) Is there a restricting the use...... should be check No
None of these are checked, and the only want to access these is a completely different path that fills in these check marks but does not complete Part I correctly.
Other ideas?
A little more information -- I saw on the draft tax return, in the Charitable Contribution Detail Worksheet, Part XI, item 20: there are basically the same questions from the Form 8283, Part II, item 5. They are noted correctly in that worksheet, but those answers don't make it onto the 8283 for some reason.