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Claiming prescriptions donated
I donated a large amount of insulin and other drugs to a walk-in free clinic after my husband passed. Can I claim as a charity deduction? If so, what amount, because there are two:
1. The amount charged by the drug maker (so the worth of the drug?)
2. The amount I paid to the pharmacy.
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Claiming prescriptions donated
Hello @PeggyFromIowa !
Unfortunately, you can only claim the fair market value of items donated as a tax deduction. Because prescription drugs have no resale value to you, you are not able to claim them as a tax deduction when you donate them.
I hope that helps!
All my best,
Adam, EA
TurboTax Live Expert
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