I have a number of high value textbooks. Amazon is pricing them around $100 each. Its Deductible only allows $20 each. How do I claim fair market value?
02395
1 Best answer
Texas Roger
Level 15
Jun 3, 2019 1:57:59 PM
If you can justify to the IRS a higher value than the value assigned by Its Deductible, you can enter a Custom Value for whatever price you believe is the fair market value.
2 Replies
Texas Roger
Level 15
Jun 3, 2019 1:57:59 PM
If you can justify to the IRS a higher value than the value assigned by Its Deductible, you can enter a Custom Value for whatever price you believe is the fair market value.
SweetieJean
Level 15
Jun 3, 2019 1:58:00 PM
If OP is donating them to, say, Goodwill, I suspect they will sell there for a lot less.