PhoebeRoberts
Level 11
Level 11

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.