topic If I donate a brand new item and give it to a charity unopened still in the original packaging, isn't the value of the new item the same as what I paid for it? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-donate-a-brand-new-item-and-give-it-to-a-charity-unopened-still-in-the-original-packaging-isn-t/01/760731#M100640 <P>The items are brand new and still in the original packaging never ever used.<BR /></P> Fri, 07 Jun 2019 22:14:24 GMT choosylady 2019-06-07T22:14:24Z If I donate a brand new item and give it to a charity unopened still in the original packaging, isn't the value of the new item the same as what I paid for it? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-donate-a-brand-new-item-and-give-it-to-a-charity-unopened-still-in-the-original-packaging-isn-t/01/760731#M100640 <P>The items are brand new and still in the original packaging never ever used.<BR /></P> Fri, 07 Jun 2019 22:14:24 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-donate-a-brand-new-item-and-give-it-to-a-charity-unopened-still-in-the-original-packaging-isn-t/01/760731#M100640 choosylady 2019-06-07T22:14:24Z Yes.  Select "Comparable Sales" when entering it. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-select-comparable-sales-when-entering-it/01/760777#M100644 <P>Yes. &nbsp;Select "Comparable&nbsp;Sales" when entering it.</P> Fri, 07 Jun 2019 22:14:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-select-comparable-sales-when-entering-it/01/760777#M100644 SweetieJean 2019-06-07T22:14:26Z Not always.  Some items drop in value over time.  For exa... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/not-always-some-items-drop-in-value-over-time-for-exa/01/760784#M100645 <P>Not always.&nbsp; Some items drop in value over time.&nbsp; For example, if you bought a new PC in 1998 for $1000 and it was still new in the box, it could not be fairly valued as $1000 today.&nbsp; The donation value of an item is what it is worth on the date it was donated.<BR /></P> Fri, 07 Jun 2019 22:14:34 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/not-always-some-items-drop-in-value-over-time-for-exa/01/760784#M100645 bclee 2019-06-07T22:14:34Z Good point, but many donations are made relatively quickl... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/good-point-but-many-donations-are-made-relatively-quickl/01/760789#M100646 Good point, but many donations are made relatively quickly after the purchase,&nbsp;&nbsp;For example, you go to a store and buy things for an upcoming church rummage sale or charity auction. Fri, 07 Jun 2019 22:14:35 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/good-point-but-many-donations-are-made-relatively-quickl/01/760789#M100646 SweetieJean 2019-06-07T22:14:35Z
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topic If I donate a brand new item and give it to a charity unopened still in the original packaging, isn't the value of the new item the same as what I paid for it? in Deductions & credits
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<P>The items are brand new and still in the original packaging never ever used.<BR /></P>
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If I donate a brand new item and give it to a charity unopened still in the original packaging, isn't the value of the new item the same as what I paid for it?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-donate-a-brand-new-item-and-give-it-to-a-charity-unopened-still-in-the-original-packaging-isn-t/01/760731#M100640
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<P>The items are brand new and still in the original packaging never ever used.<BR /></P>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-select-comparable-sales-when-entering-it/01/760777#M100644
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<P>Yes. &nbsp;Select "Comparable&nbsp;Sales" when entering it.</P>
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Not always.  Some items drop in value over time.  For exa...
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<P>Not always.&nbsp; Some items drop in value over time.&nbsp; For example, if you bought a new PC in 1998 for $1000 and it was still new in the box, it could not be fairly valued as $1000 today.&nbsp; The donation value of an item is what it is worth on the date it was donated.<BR /></P>
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<pubDate>Fri, 07 Jun 2019 22:14:34 GMT</pubDate>
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Good point, but many donations are made relatively quickl...
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Good point, but many donations are made relatively quickly after the purchase,&nbsp;&nbsp;For example, you go to a store and buy things for an upcoming church rummage sale or charity auction.
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