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New Member
posted Apr 1, 2025 11:55:26 AM

What is the "cost or adjusted basis in the donated property"?

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1 Replies
Expert Alumni
Apr 1, 2025 12:05:30 PM

For basic stuff around your house, clothing, dishes, basics - it is what you paid.  

Advanced: If you are donating appreciated stocks, art work, vehicles, or more complicated things you need to see

Publication 551 (12/2022), Basis of Assets - IRS