What is the correct valuation method for an in-kind donation that I purchased new? I don't see an option for Fair Market Value.

posted

Connect with an expert

1 Best answer

Accepted Solutions

What is the correct valuation method for an in-kind donation that I purchased new? I don't see an option for Fair Market Value.

Present value

View solution in original post

3 Replies

What is the correct valuation method for an in-kind donation that I purchased new? I don't see an option for Fair Market Value.

FMV. I believe TurboTax uses "Donation value" (which would ordinarily be FMV).

What is the correct valuation method for an in-kind donation that I purchased new? I don't see an option for Fair Market Value.

Thank you for the response! These are the options:

Appraisal
Average share price
Catalog
Capitalization of income
Comparative sales
Consignment shop
Present value
Replacement cost
Reproduction cost
Thrift shop value

What is the correct valuation method for an in-kind donation that I purchased new? I don't see an option for Fair Market Value.

Present value

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post