Posts tagged irs
How To Deduct Appreciated Stock Donations From Your Taxes

Form 8283 is the Noncash Charitable Contributions form for the 1040 tax return. If you’re using a tax service, like Turbotax or CreditKarma, they’ll ask you the appropriate information to populate this form. Either way, you’ll need to have the information at the ready.

When you’re tracking deductions for this form, make sure you have:

  • The name and the address of the organization you donated to.

  • Description of the donated property (the number of shares and the name of the company).

  • Date of contribution.

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