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June 7, 2019
Solved

What is "donation cost or basis" on the charitable organization worksheet?

  • June 7, 2019
  • 1 reply
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what is a cos/adjusted basis?
Best answer by Coleen3

The original purchase price plus adjustments. For example, if you donated a car that you purchased for $10,000 and made modifications to improve it for an additional $1000, your basis is $11,000.

1 reply

Coleen3Answer
Employee
June 7, 2019

The original purchase price plus adjustments. For example, if you donated a car that you purchased for $10,000 and made modifications to improve it for an additional $1000, your basis is $11,000.