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Janet-S1
New Member

Do I use TOTAL GIVING or FAIR MARKET VALUE for CHARITABLE CONTRIBUTIONS?

 
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RobertG
Expert Alumni

Do I use TOTAL GIVING or FAIR MARKET VALUE for CHARITABLE CONTRIBUTIONS?

If you itemize deductions, you can deduct the fair market value of physical items you contribute, such as clothes, appliances, and household items.

 

IRS Publication 526 Charitable Contributions

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