turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

Which is the better way to value my donations, let turbo tax value them or value them myself?

 
Connect with an expert
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
JBH0
Level 2

Which is the better way to value my donations, let turbo tax value them or value them myself?

Personally, I've always just taken the Itsdeductible valuations.   Whatever valuation you use, you will need to be able to support your number in case of an audit.  Presumably with Itsdeductible there would be some sort of rational/empirical basis.  Otherwise you would need to have evidence to support your number.

View solution in original post

1 Reply
JBH0
Level 2

Which is the better way to value my donations, let turbo tax value them or value them myself?

Personally, I've always just taken the Itsdeductible valuations.   Whatever valuation you use, you will need to be able to support your number in case of an audit.  Presumably with Itsdeductible there would be some sort of rational/empirical basis.  Otherwise you would need to have evidence to support your number.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies