How do I establish the market value of used items I donate to charity?
Author: Aine Churches
Website: http://www.AboutCharity.com
Added: Sun, Sep 24, 2006 20:09:22
Category: Charity Questions
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The U.S. Internal Revenue Services (IRS) has established the fair market value of the used items you donate to a charity. They have provided several factors in establishing the market value of used items. These are as follows:
- The cost or the selling price of the used item
- Sales of comparable items
- Replacement cost
- Expert opinion
keywords: Charity | Charities | Donations | Volunteer | Market Value | IRS About the Author:
Aine Churches answers frequently asked charity questions at PrettyGreatAnswers.com.
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