msindc1
Level 5

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

0 Cheers