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If given a medical stander through insurance and we no longer use it. If we donate it to the hospital, can we count it as charity?

 
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1 Best answer

Accepted Solutions
maglib
Level 11

If given a medical stander through insurance and we no longer use it. If we donate it to the hospital, can we count it as charity?

not sure what a medical stander is but donations are based upon market value as of the donation date. As long as you were the owner it won't matter how you obtained it.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.

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1 Reply
maglib
Level 11

If given a medical stander through insurance and we no longer use it. If we donate it to the hospital, can we count it as charity?

not sure what a medical stander is but donations are based upon market value as of the donation date. As long as you were the owner it won't matter how you obtained it.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.
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