3179185
Charity needed kids clothes for christmas. I bought clothes at store, used my credit card. How do I value the donation in turbo tax. I have a written receipt form the charity. I am very confused on how to value it..
You'll need to sign in or create an account to connect with an expert.
if you donated shortly after purchasing and there was no personal use the value would be what you paid.
for the method of valuation use replacement cost new, describe as new clothing
You will value the donation for the amount you paid for the clothes (or the receipt that the charity gave you for its value). Just be sure to keep both receipts of proof.
To import your donations:
If you make changes to ItsDeductible and want to import again, start again at step 2.
To manually enter your donations:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mary7820
Returning Member
joshwilson2253
New Member
tlyman1997
New Member
janscomb
New Member
MrP895
Level 1