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Level 2
posted Feb 5, 2025 4:24:23 AM

Non Cash Charitable Contributions: Form 8283, valuation methods

How do I answer the"Valuation method" question for a non cash contribution that was purchased NEW specifically to donate?

 

For example; new Christmas toys to donate to "Samaritans Purse" or "March of Dimes".

(I have receipts for the purchase transaction)

 

Present Value

Replacement Cost New

or something else on the list

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1 Best answer
Expert Alumni
Feb 5, 2025 8:53:52 AM

'Present Value' just means the value at the time of the donation.  Which is what is on your receipts.  So that is the option that you should choose.

 

@joelereeves 

1 Replies
Expert Alumni
Feb 5, 2025 8:53:52 AM

'Present Value' just means the value at the time of the donation.  Which is what is on your receipts.  So that is the option that you should choose.

 

@joelereeves