That is what is so weird. I entered the date of the donation, selected household items, typed "Various toys" into the description, the value of everything added up from that day was $3,245, and chose replacement cost new, because that is how much it would cost, without tax, if we were to purchase all those toys again new. When I selected "Done with this donation" that is when it started to ask about the purchase info, if I owned it for more than a year, and how the charity was going to use it since it had appreciated. In years past, I had not run into this and I am wondering if it is because if grouping it into a larger amount triggered something? I saw if you make a large donation, you have to fill out a form that requires you to itemize what was donated, so maybe I should go back to my old way and list off everything? Or is putting the replacement cost new the wrong choice and a different dollar amount should be listed instead?
Example: Paw Patrol Jungle Rescue Vehicle is 49.99 on Amazon. Do I use 49.99 since we donated the full toy with accessories? or a percentage since it was a donation?
Ok ... I see where the confusion lies. When you enter donations the current fair market value you would see at a thrift store is usually the amount you list and that amount is usually lower than the price you actually paid for the items originally. If you are using the current replacement price for that vintage toy (what you could sell it on ebay for) then it is very possible you donated items with an appreciated value if they are vintage and in short supply. Most toys that are not in the original packaging untouched by little hands will not appreciate in value.
So the FMV you will enter is what your local thrift store may get for the item if you donated it to them.
