I make charitable contributions through a Schwab Donor Advised Fund in the form of appreciated stock that I have held for multiple years.
Where in TT Online do I enter this?
In "Deductions and credits", when I enter that I donated stock, TT asks for the date acquired and basis and then calculates me paying tax on the capital gain, which defeats the whole purpose of a DAF.
How do I enter the DAF contributions in TT such that I get the full deduction of the FMV?
TIA
You'll need to sign in or create an account to connect with an expert.
Follow these instructions to enter the Stock donation. Please see the screenshots for details.
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