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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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Very remote possibility & just a wild guess..... do you have the box checked to take the $ 300 above the line charitable?
( Generic Comment )"
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no such luck.
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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.
Here's wishing you many Happy Returns