Are donations of gift cards to charitable organization listed as a cash or property donation?

[texpals]

If gift card donation is entered as property what type and method for dtermining market value should be entered?

[DianeW · Accepted solution]

Cash.  Gift cards are the equivalent of cash therefore you would list this as a cash donation. 

• Note - Contributions of $250 or More:
•  You can claim a deduction for a contribution of $250 or more only if you have an acknowledgment of your contribution from the qualified organization or certain payroll deduction records.
  
• If you made more than one contribution of $250 or more, you must have either a separate acknowledgment for each or one acknowledgment that lists each contribution and the date of each contribution and shows your total contributions.