There are two dollar figures necessary when claiming a deduction for non-cash contributions:The "cost" to you, ie, the money out of your pocket when you originally acquired/purchased it.The "value" of the item on the day of the donation. (Fairmarket value is the price a willing buyer would pay for them. Value usuallydepends on the condition of the item.)

Question

What do you mean value per donated item? The original cost or the discounted cost ie per ebay?

Forum|Forum|7 years ago
June 1, 2019
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ItsDeductible Online

M

MichaelDC

Employee

There are two dollar figures necessary when claiming a deduction for non-cash contributions:

The "cost" to you, ie, the money out of your pocket when you originally acquired/purchased it.
The "value" of the item on the day of the donation. (Fair market value is the price a willing buyer would pay for them. Value usually depends on the condition of the item.)