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Level 2
August 10, 2021
Question

Printing on Schedule for 8283

  • August 10, 2021
  • 2 replies
  • 10 views

The FMV is not printing on form 8283 even though both the contribution amount and the FMV have been entered on the 8283 input.  These are contributions of less than $5,000 but more than $500.

I have searched but cannot find if there is something to do to make the FMV appear on the supporting schedule generated by the program.   Or is there a rule that does not require the FMV contribution by contribution??

If anyone knows the trick i would appreciate whatever you can tell me.

Thanks in advance.

Ron Winter, CPA

 

 

 

 

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2 replies

abctax55
Level 15
August 10, 2021

Very remote possibility & just a wild guess..... do you have the box checked to take the $ 300 above the line charitable?

HumanKind... Be Both
rdwinterAuthor
Level 2
August 12, 2021

no such luck.

 

George4Tacks
Level 15
August 13, 2021

Did you enter Contribution deduction (defaults to FMV)[O]?

If so, DON'T DO THAT! That little bit of text [O] means OVERRIDE and generally speaking DON'T DO THAT! 

Enter Cost, Enter FMV and let the program do it's thing. 

Answers are easy. Questions are hard!