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March 26, 2023
Solved

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

  • March 26, 2023
  • 1 reply
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Best answer by gw18

Yes, replacement value would be correct.


thanks!

1 reply

DoninGA
Employee
March 26, 2023

If just newly purchased use the purchase price for the value.

gw18Author
March 26, 2023

Thanks. I understand that. But in Turbotax I have to choose a method I am using for the value. Would I choose Replacement?

thanks

DoninGA
Employee
March 26, 2023

Yes, replacement value would be correct.