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Deductions & credits
For the purchase price, you will use the fair market value on the date of death, and fair market value is method to determine value. This will allow you to deduct the amount that the items were worth when you donated them.
You can get the Fair Market Value by looking at similar items for sale on eBay, Craigslist, or at your local thrift store.
March 30, 2022
11:42 AM