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Tax Question - Value of Donated Items?
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BlondeJD
LIF Adult
Member since 10/06 1068 total posts
Name:
Me!!!
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Tax Question - Value of Donated Items?
DH and I donated pretty much an entire apartment's worth of furniture to a local charity last year. The charity sent us a list of the items it received, but without a dollar amount. I know what I paid for the items, but does anyone know how should I value them when doing our taxes? Thanks!
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Posted 3/30/07 2:37 PM  |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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Re: Tax Question - Value of Donated Items?
If it helps...Salvation Army has a valuation list on their website that you could use - use the higher numbers. Keep a copy with your taxes in case you are questioned on how you arrived at the value.
Valuation List
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| Posted 3/30/07 3:09 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Tax Question - Value of Donated Items?
WOW....that's an awesome list. Thanks...I always wondered about this.
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| Posted 3/30/07 3:12 PM |
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BlondeJD
LIF Adult
Member since 10/06 1068 total posts
Name:
Me!!!
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Re: Tax Question - Value of Donated Items?
Fantastic! Thank you!!!  
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| Posted 3/30/07 6:27 PM |
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suvenR
designer mutt
Member since 5/05 4239 total posts
Name:
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Re: Tax Question - Value of Donated Items?
Just so you know, you're not required to use their list. I always go a little higher
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| Posted 3/30/07 6:47 PM |
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mrsmck
Be a big girl!
Member since 5/05 4898 total posts
Name:
Donna
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Re: Tax Question - Value of Donated Items?
Posted by Ang-Rich
If it helps...Salvation Army has a valuation list on their website that you could use - use the higher numbers. Keep a copy with your taxes in case you are questioned on how you arrived at the value.
Valuation List
Our accountant gave us this list also. he said it's just a guide, and that we're the best judges of the conditions of the stuff we're donating regarding prices.
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| Posted 3/30/07 7:11 PM |
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