bbackues
Level 2
03-17-2025
01:32 PM
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My conclusions
1) I'm using 'Present Value' in the 'How valued' field as a choice in ProSeries Section A Noncash Contributions Smart Worksheet
2) I am going to accept the Form 8283 that ProSeries generates with the vehicle information listed in Section A (instead of Section B). I was hung up on the value (sold for $10,300 on 1098-C), but Form 8283 says Section A is to be used for Donated Property of $5,000..."and certain other property even if the deduction is more than $5,000". I missed that fine print.
Thank you all for your help