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Get your taxes done using TurboTax
The amount of charitable deduction for the furniture is your cost or current value whichever is lower.
If the furniture was your Father's and you inherited the furniture, then your basis is the date of death value of the furniture.
If the value of a donated piece exceeds $5,000, then you need an appraisal for the item.
‎September 27, 2023
4:23 PM