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Level 2
December 7, 2019
Solved

FORM 8283, HOW DO YOU OVERRIDE THE DEFAULT DEDUCTION FROM FMV TO COST? COST IS MUCH LESS THAN FMV.

  • December 7, 2019
  • 1 reply
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Best answer by George4Tacks

Just go two entry points below the entry for FMV - "Contribution deduction (default to FMV) [O]" and enter the cost 

1 reply

George4Tacks
Level 15
December 7, 2019

Just go two entry points below the entry for FMV - "Contribution deduction (default to FMV) [O]" and enter the cost 

Answers are easy. Questions are hard!
Level 2
December 7, 2019
I did this and it will not override the FMV amount.  It only works when I leave the FMV blank and then it does not show on the form???  Thanks for your response.