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COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

Waiting on this tool. You had this in previous years.
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10 Replies
M-MTax
Level 15

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

Later this month or March

CatinaT1
Employee Tax Expert

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

There will be a new tool that will help calculate the Fair Market Value (FMV) of the donated items. However, no information on when it is going to be available yet.

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M-MTax
Level 15

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

Intuit needs to get its collective act together. 

 

It has been posted here by more than one Expert, that the new tool will be available sometime this month or in March. Not sure why there's so much uncertainty.

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

Now that we are nearing the end of 1st half of March, have you heard any updates on timing? 

CatinaT1
Employee Tax Expert

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

A FMV calculator has been added, but it does not have the same functionality as ItsDeductible. 

 

We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses.

Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon. 

If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.

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M-MTax
Level 15

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

I think the developers at Intuit would be wise to implement, ASAP, import functionality for TXF and/or CSV files.

 

ItsDeductible alternatives, most of them, seem to be able to generate one or both of those file formats but it doesn't do users much good if they can't import the data into the program. 

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

Pretty sure if Intuit peruses these comments, they’ll find plenty of “voices of the customer” feedback that will makes it very clear how customers feel about this feature. 

M-MTax
Level 15

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?


@Me173 wrote:

Pretty sure if Intuit peruses these comments, they’ll find plenty of “voices of the customer” feedback that will makes it very clear how customers feel about this feature. 


I agree but then the decision-makers don't peruse these comments (or this forum) and seemingly decide what to include (or not) in the software based on some sort of cost-benefit analysis. In short, if an insufficient number of users want or need a particular feature, that feature had better not consume a lot of their resources.

 

Also, their desktop tax prep software is a relatively small percentage of their total business revenue.

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?

it very much feels like TurboTax is going away from 2 of the things the customer base has come to expect and pays for.  1. Simplicity of filing taxes 2. Integration. 

This calculator is not userfriendly. You literally can’t scroll the items. 
And for all the alternatives being proposed, it doesn’t seem like turbo tax is making integrating with those files an easy task. 
I was holding out hope when I heard TurboTax was working on something to use in place of itsdeductible, but this is not a good solution in my opinion. 

M-MTax
Level 15

COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon. When?


@Me173 wrote:

I was holding out hope when I heard TurboTax was working on something to use in place of itsdeductible, but this is not a good solution in my opinion. 


Hopefully, this will improve when some sort of import functionality is implemented (e.g., TXF, CSV files).

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