Level 11
03-16-2023
11:31 AM
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Assuming publicly-traded security owned for more than a year.
Yes, you should ensure it goes on Part I of the 8232. 30% of AGI limitation applies. There's no sale on the 1099-B, because your guy didn't sell anything. FMV is the average of the high and low on the donation date; don't assume the acknowledgement letter uses the correct value.