I have stock that was gifted to me, which I then donated within a year. How do I input things into Turbotax to get a correct 8283?

[sapientia]

I was gifted long-term stock, and I donated this stock to a DAF within a year. For the purposes of the 8283, what is the adjusted cost basis and purchase date for the stock? Should the date be the date I received the stock gift or the original purchase date? Additionally, on TurboTax online, I am unable to get my 8283 to show the shares as gifted or the valuation method as "Average Share Price". The resulting form always shows "Purchase" and "Comparative Sales".

[Mike9241 · Accepted solution]

for a gift, the donor's holding period tacks on so technically, you need this info from the donor. You were supposed to be provided with this by the donor because it would be needed if you sold the stock There is also this special rule that could apply to your situation. Entering bad data could result in an IRS inquiry because it's easy for the IRS to find or know the value on the date you enter. There is a unique exception, known as the dual basis rule, that applies if the stock’s FMV is less than the donor’s basis at the time of the gift. The donor’s basis is used