2006-08-04 11:15:34 · 5 answers · asked by RALPH W 1 in Business & Finance ➔ Taxes ➔ United States
Just use a value that is fair. If it is too high, be prepared to be audited!
2006-08-04 13:28:59 · answer #1 · answered by Daniel Z 6 · 0⤊ 0⤋
Turbo Tax Deluxe has a program called "It's Deductible!" built right into the tax software. Personally, I think they're a bit high, so I typically list the condition of the items as "poor" so it reduces the value to what I think is reasonable.
If you have time, you could go to a thrift store or shop the neighborhood yard sales, too, but I just don't have the patience for that! ;)
2006-08-04 20:21:44 · answer #2 · answered by SuzeY 5 · 0⤊ 0⤋
No there isn't. However, you should go to a local thrift shop or ebay to find similar values to what you plan on donating. You can use that as a good guide.
2006-08-04 18:24:32 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
No. The value is supposed to be what the charity will recieve if they sell it. I always tell by clients to use store resale prices or garage sale prices.
2006-08-08 00:12:46 · answer #4 · answered by miki 2 · 0⤊ 0⤋
Here's a couple of sites that I have found that give value estimates. I hope they help.
2006-08-04 20:34:23 · answer #5 · answered by NotEasilyFooled 5 · 0⤊ 0⤋