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How do I find the value of items I have deducted when I have the receipts for them

Forum|Forum|7 years ago
June 6, 2019
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I donated household goods, clothing and craft items to two different charities that gave me receipts but did not list any dollar amounts. How do I determine the fair market value for these items so I can list them?

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Best answer by MinhT1

The fair market value of the items you donated must be determined by you. This FMV depends on a number of factors, one of which is the condition of the items at the time of the contribution.

The IRS has provided some guidelines on how to determine fair market value. These guidelines can be found in the following IRS document:

https://www.irs.gov/publications/p561/ar02.html

M

MinhT1Answer

The fair market value of the items you donated must be determined by you. This FMV depends on a number of factors, one of which is the condition of the items at the time of the contribution.

The IRS has provided some guidelines on how to determine fair market value. These guidelines can be found in the following IRS document:

https://www.irs.gov/publications/p561/ar02.html

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