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George R
New Member

Deduction to out of State Library

I donated to the Alaska State Library two items: 1: A print of Mary Joyce and Wolf (been in Family for over 40 years.  1: A Landform Map of Alaska hand drawn around 1948 and it is framed.  Want to claim around 2000 shipping and all. Where do I put something like that?

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1 Reply
LenaH
Employee Tax Expert

Deduction to out of State Library

Most of the time it will be the fair market value (FMV) of your item and does not consider the family value of the item. However, if the amount you originally paid for the item is less than the FMV, you must use the original cost of the item.

 

You can get the FMV by looking at similar items for sale on eBay, Craigslist, or at your local thrift store. When you use ItsDeductible, it will assign a FMV to most items that are commonly donated.

 

Determining the value of a donated car involves a few more steps, if its value is over $500.

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