Why do ItsDeductible item values change after importing into TurboTax?
by TurboTax•102• Updated 5 months ago
The values you see in ItsDeductible Online are preliminary estimates and are only updated once a year.
Once you import the item into TurboTax, the estimated values change to the current fair-market values. These frequently differ from the original estimated values.
In particular, consumer electronics like computers, tablets, mobile phones, TVs, and audio equipment often have fair-market values that are significantly lower than their original estimated values because of rapidly changing technology and consumer tastes.
Unlock tailored help options in your account
More like this
- What is ItsDeductible?by TurboTax
- How do I determine the value of donated items?by TurboTax
- How do I export my data from ItsDeductible?by TurboTax
- Avoid phishing scams and spoofed sitesby TurboTax