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Level 2
posted Mar 26, 2023 1:02:35 PM

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

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1 Best answer
Level 2
Mar 26, 2023 1:21:05 PM

thanks!

4 Replies
Level 15
Mar 26, 2023 1:03:26 PM

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

Level 2
Mar 26, 2023 1:08:26 PM

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

thanks

Level 15
Mar 26, 2023 1:17:19 PM

Yes, replacement value would be correct.

Level 2
Mar 26, 2023 1:21:05 PM

thanks!