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V
vshiroma
March 28, 2021
Question

how to determine value of donation

  • March 28, 2021
  • 1 reply
  • 0 views

I donated my car's engine and transmission to a high school automotive class for them to use.  How do I determine its value? I have a letter of acknowledgement of the receipt of my engine from the school.

1 reply

KrisD15
KrisD15
March 28, 2021

You could ask the school or a salvage yard. 

 

The donation won't matter unless you are able to claim Itemized Deductions.

If you don't have enough to claim Itemized Deductions, and claim the Standard Deduction instead, the donation is not counted. 

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S
SweetieJean
Employee
March 28, 2021

It might still matter on your state return, though.

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