I have imported my donations into my taxes. I am being ask "Donation coat or basis".

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I have imported my donations into my taxes. I am being ask "Donation coat or basis".

For goods donations, you must report your cost basis, as your deduction is limited to the lesser of cost or FMV.

See Form 8283.

https://www.irs.gov/pub/irs-pdf/f8283.pdf

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I have imported my donations into my taxes. I am being ask "Donation coat or basis".

For goods donations, you must report your cost basis, as your deduction is limited to the lesser of cost or FMV.

See Form 8283.

https://www.irs.gov/pub/irs-pdf/f8283.pdf

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