RG1
Level 2

Deductions & credits

Thanks Tom.

I had followed down the path that you'd described above and then got stopped by the purchase price question.  In my case I don't know when it was purchased or what the purchase price was because it was something that I inherited and I have no way of getting that information.

From what I can gather, the deduction IS the value of the donation when I donated it and I don't think the cost basis would matter, would it?

Sorry if I'm being obtuse here; tax law isn't my strong suit.