How do you report a gift to a donor advised fund?

Forum|Forum|3 years ago
March 16, 2023
2 replies
12 views

The gift is stock with a FMV of $65k. This will go on Schedule A up the contribution limits. Is it safe to assume it will also go on Form 8283 for noncsh contributions? I also do not see the sale of stock on any 1099-B?
This is my first go around with donor advised funds. Any help is greatly appreciated!

ProConnect Tax

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PhoebeRoberts

Intuit Community Champion

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.

George4Tacks

Level 15

FYI - It goes with the $5,000 OR LESS donations, if it is publicly traded.

From the instructions for 8283:

Use Section A to report donations of property for which
you claimed a deduction of $5,000 or less per item or
group of similar items (defined later). Also use Section A
to report donations of publicly traded securities;

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