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gw18
Level 2

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

 
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gw18
Level 2

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

4 Replies

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

If just newly purchased use the purchase price for the value.

gw18
Level 2

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

Thanks. I understand that. But in Turbotax I have to choose a method I am using for the value. Would I choose Replacement?

thanks

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

Yes, replacement value would be correct.

gw18
Level 2

WHAT METHOD DO I USE TO DETERMINE VALUE OF NEWLY PURCHASED CLOTHING AND TOYS THAT WERE DONATED TO A CHARITY?

thanks!

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