I have donated in a single visit / day numerous boxes and bags of clothing and household items to Goodwill that have a total Donation Value of over $500 dollars. TurboTax is insisting that I provide the "Purchase Price"?? How am I supposed to have records and know the original purchase price for all the clothes and items that were purchased at various times and lack records? It keeps coming up as an issue during the Federal Form check. Do I just ignore the alert as it seems to affect a worksheet and not an actual IRS form?
You'll need to sign in or create an account to connect with an expert.
Because it is over $500, it is required.
Just do a good estimate. As long as it is higher than the Fair Market Value, it won't actually affect the deduction, so just give an estimate.
Because it is over $500, it is required.
Just do a good estimate. As long as it is higher than the Fair Market Value, it won't actually affect the deduction, so just give an estimate.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rjbur007
Level 2
user17747291046
New Member
user17740509789
New Member
sjabrams
Level 2
user17723057255
Returning Member