how to enter stock contribution listed on Form 8283?

To enter a stock contribution listed on Form 8283 in TurboTax and to obtain the cost basis (needed to correctly complete donation entries), follow these steps:

Open or continue your return in TurboTax  - Be sure you are logged in for links to work:

Navigate to the charitable donations section:

• TurboTax Online/Mobile: Click on this link donations to charitable organizations.
• TurboTax Desktop: Select "Search Topics", then search for and select "Donations to Charity".

Enter your stock donation:

• Answer "Yes" to the question about making charitable donations.
• Select "Stock" as the type of donation.
• Provide details about the stock, including the fair market value, date of donation, and any restrictions.

Handling Missing Cost Basis:

• TurboTax will prompt you to provide as much information as possible about the stock, including the acquisition date and fair market value at the time of donation
• To find a stock's cost basis:
  • Sign in to your brokerage account: Check for detailed reports on each sale.
  • Look at previous broker statements: Review trade confirmations.
  • Contact your brokerage firm: They may have purchase records or can look up historical prices.
  • Go online for historical stock prices: Use sites like Marketwatch or Nasdaq.
  • Go directly to the source: Check the company's investor relations section or call their shareholder services.
• TurboTax will automatically include Form 8283 if the value of your noncash donations exceeds $500
• Ensure you have the name and address of the charity; descriptions of the donated stock, acquisition details, purchase price, and value at the time of donation.

Appraisal Requirement:

• If the value of the stock donation exceeds $5,000, you will need a qualified appraisal conducted within 60 days prior to the donation

For more detailed guidance, you can refer to the TurboTax support articles here and here.