Solved: I donated a power wheelchair that medicare partially purchased for my late husband. Do I deduct the full market value or can I only deduct our out-of-pocket expenses?
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I donated a power wheelchair that medicare partially purchased for my late husband. Do I deduct the full market value or can I only deduct our out-of-pocket expenses?

The charitable organization that is getting the wheelchair obtained a price list from the vendor in order to determine value.  

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Employee Tax Expert

I donated a power wheelchair that medicare partially purchased for my late husband. Do I deduct the full market value or can I only deduct our out-of-pocket expenses?

In general for donations of non-cash property to qualified charity organizations, the fair market value of the property is used for the deduction.

https://www.irs.gov/newsroom/eight-tips-for-deducting-charitable-contributions

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Employee Tax Expert

I donated a power wheelchair that medicare partially purchased for my late husband. Do I deduct the full market value or can I only deduct our out-of-pocket expenses?

In general for donations of non-cash property to qualified charity organizations, the fair market value of the property is used for the deduction.

https://www.irs.gov/newsroom/eight-tips-for-deducting-charitable-contributions

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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