asked

I donated Microsoft stock options in 2020 that I had purchased through my brokerage. These were not given to me by my employer. I am required to report the fair value of the stock option on the day of transfer for tax purposes. Since the price fluctuates, how do I calculate the 'fair value' of the stock options? Should I take the average of the maximum and minimum price on the day of transfer, as is done for stock donations?

October 2nd, 2023

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