Skip to main content
June 5, 2019
Solved

Is personal property inherited and then donated to qualified charities deductible from my federal\state taxes ?

  • June 5, 2019
  • 1 reply
  • 0 views
No text available
Best answer by MinhT1

Yes, if you donate inherited property to a qualified charity, you can deduct it as Charitable contributions.

The items donated must be valued at their fair market value (FMV) at the time of donation.

Please see this IRS document:

https://www.irs.gov/taxtopics/tc506


1 reply

MinhT1Answer
June 5, 2019

Yes, if you donate inherited property to a qualified charity, you can deduct it as Charitable contributions.

The items donated must be valued at their fair market value (FMV) at the time of donation.

Please see this IRS document:

https://www.irs.gov/taxtopics/tc506


**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 5, 2019
great help - thank you