Carsen Brakney Rule of Thumb
If you donate it, you can claim it’s fair market value on your tax return ... that doesn’t represent the price of the item “new in the box”, but it’s actual reasonably ascertainable value in the marketplace.
Short, sweet, to the point ... tips, tools, and rules of thumb for innovators and entrepreneurs!
If you donate it, you can claim it’s fair market value on your tax return ... that doesn’t represent the price of the item “new in the box”, but it’s actual reasonably ascertainable value in the marketplace.
Sage advice for Taxation