msindc1
Level 5
10-03-2023
04:02 PM
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I have a client who donated some appreciated stock to her donor advised fund. The basis was $1,541 and the value was $5,111. I entered these figures in Screen 26.
Form 8283 is reporting that the donor's cost was $1,541 and the fair market value was $38,242.
I cannot figure out why Lacerte thinks that the FMV was $38,242 and not the actual $5,111!
When I go to the form and Jump to Input, it puts the cursor in the field for "1=deductible amount determined on Form 1098-C, 2=equivalent". Changing that changes nothing. I cannot see anything in Screen 26 that seems to relate.
What else can I do that would tell me where that figure is coming from?!
Micah
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