turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

stestrem
New Member

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

6 Replies
DavidD66
Employee Tax Expert

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

To determine the average trading price for the stock you donated, look up the price of the stock on the day it was donated.  Take the high price for the day, and the low price for the day, and add them together.  Take that sum and divide by two - that is your average stock price.  You can look up this information on any online broker website, the NASDAQ website, etc.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

It’s the average of the high and low price on the trading date that you donated it. For a mutual fund it would be the closing value on the day you donated it. 

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

I have a similar question.  I transferred a number of shares to a donor advised fund.  These were purchased fractionally on many different dates.  All are more than one year old.   I am also being asked the average trading price even though I indicated multiple shares over time.   Is this really asking for average cost basis - e.g. total cost basis / number of shares donated = average share price?  Or do I have to go crazy trying to either do each donation separately or something?

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

Use the average price when donated, not when purchased. 

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

Are we to enter the average price on day of donation PER SHARE, or the average price on day of donation for ENTIRE AMOUNT DONATED (i.e., price per share times number of shares)?

AnnetteB6
Employee Tax Expert

I am donating stock to a charity and being asked to enter average trading price. What is the average trading price? and how do I find it?

You would be entering the average price per share on the day of donation.

 

@paperplasticcotton 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question