If donating new items with receipt from purchase, is that suitable as valuation when coupled with a donation receipt?
Tax question: if I donate brand new items with receipt, can I deduct the price paid since they are new with receipt? Or do I have to calculate a used book value based on comparibles/get appraisal? Anyone know?
01778
1 Replies
Critter
Level 15
Nov 24, 2019 3:05:17 PM
If you buy something then IMMEDIATELY donate it then enter it as a cash donation.