Deductions & credits

How do I enter the value shown on that receipt?

 

You don't.

 

When claiming a deduction for charitable contributions of property, you're expected to report the "fair market value" (FMV) of it. That is, as other answers have pointed out, what you believe to be a typical price that a buyer and seller would agree to in an open market.

 

This value isn't necessarily the same as the price you may have paid for earlier. In most cases, it probably isn't. Generally for any item it would be less than the "sticker price" or suggested retail price.

 

Besides, you may or may not have paid the sticker price either? Generally speaking, you might buy things on sale, or using some promotion you found. Or at a discount store. Or even at a thrift shop. So, the price you paid would often have little to do with FMV.