Turbotax is entirely screwed up on the contribution of publicly held shares. The IRS does not require an appraisal if you are donating publicly held and traded shares, but TurboTax is requiring an appraisal. I'm not going to do an appraisal. When will this error in turbotax be fixed?
This is a $120,000 donation of VOO, a very widely traded S&P 500 traded stock, that was given to my donor advised fund at Fidelity. So this is not some obscure issue here.
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there may be another flaw. when you selected "average share" for the valuation method, was Form 8283 showing "comparative sales" instead?
Yep, you're correct, it screws that up too.
Turbotax needs to fix this. This is basic stuff.
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