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Level 2
posted Apr 12, 2025 4:51:14 PM

VHS Movies imported from ItsDeductible split from other items & requiring my own valuation

One of my ItsDeductible donations contains among other items a few dozens of VHS movies.  When importing, TurboTax inexplicably split the movies from the rest of the items (that single donation shows in TT as two, on the same date).  The other items are conveniently listed as Type "Items - ItsDeductible" (with minimal editable attributes) but the movies are listed as Type "Items you valued" & ask about category (is it "Art - not self-created", "Collectibles", "Intellectual property", something else?  most were children's Disney movies),  pick Description & Value from ItsDeductible, but ask for Method used to Determine Value (and I don't know which method ItsDeductible used!).  Oddly, there was a bunch of old XBox games & these imported fine into the other group...  

 

Software glitch, something I did wrong when entering/importing, or something else? 

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1 Replies
Expert Alumni
Apr 15, 2025 11:31:41 AM

There is a collector's market for some of that stuff and people donating it often value the donation at the collectible price (which is correct if the receiving charity sells it for that amount but not otherwise).  ItsDeductible is setting you up so you can value your collectibles separate from lumped together household goods.  If you had entered vinyl records it would have done the same.

 

@mstruzak