201005
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts Tax Breaks For Your Side Gig! >> Event happening TOMORROW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

huynh1504
New Member

I donated gifts (bought new) to charity, but when it asks "Method used to determine value", there is no selection to choose. What should I do?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
PaulaM
Employee Tax Expert

I donated gifts (bought new) to charity, but when it asks "Method used to determine value", there is no selection to choose. What should I do?

If you purchased items then immediately donated them to a charity, the method used to determine value is 'Present Value' (not purchase).

**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

1 Reply
PaulaM
Employee Tax Expert

I donated gifts (bought new) to charity, but when it asks "Method used to determine value", there is no selection to choose. What should I do?

If you purchased items then immediately donated them to a charity, the method used to determine value is 'Present Value' (not purchase).

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question