How much should I claim as a deduction for a donated entire kitchen to Habitat, they sold most of it right off their truck when unloading it?
Habitat sold most of it right off their truck as they were unloaded it, The only item that did not sell right away was an built in refrigerator that was on their sales floor a week later priced at $3995.00.
How much should I claim as a deduction for a donated entire kitchen to Habitat, they sold most of it right off their truck when unloading it?
The standard is the current fair market value.
Use the sell price of the kitchen items off the truck and the price on the floor for the refrigerator. This is clearly how the organization to whom you donated the items values the property.
For more information about charity donations, follow these links:
How much should I claim as a deduction for a donated entire kitchen to Habitat, they sold most of it right off their truck when unloading it?
The standard is the current fair market value.
Use the sell price of the kitchen items off the truck and the price on the floor for the refrigerator. This is clearly how the organization to whom you donated the items values the property.
For more information about charity donations, follow these links:
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