Fair market value


J

JohnT

Hope everyone had a great Christmas. Is there a place where
I can get a list of items showing fair market value of items
donated to charity?

Thanks,

John Troxel
 
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C

CLJ1219

I have one that I have gotten out of the Quickfinder books
each year. It may or may not be available online. There
should be something similar, though.

Carol
What can one expect of a day that begins with getting out of bed.
 
M

Mike Lewis

JohnT said:
Hope everyone had a great Christmas. Is there a place where
I can get a list of items showing fair market value of items
donated to charity?
Not to my knowledge. The FMV is supposed to be provided by
the donee. Sometimes, donee's have general guidelines on
their receipts but these are just guidelines. I know of two
people with 57 Chevrolets. One is worth $300 and the other
is worth $35,000.

Mike Lewis, CPA
 
B

Bill

John Troxel posted:
Hope everyone had a great Christmas. Is
there a place where I can get a list of items
showing fair market value of items donated to
charity?
The following appeared in a Google search for "Fair Market
Value of Charitable Donations":

http://www.intuit.com/about_intuit/press_room/vpk_itsdeductible/faqs.html

It appears to be a description of an Intuit program
(presumably for sale) which will provide you figures for
"fair market value" of personal property items.

Bill
 
A

A.G. Kalman

JohnT said:
Hope everyone had a great Christmas. Is there a place where
I can get a list of items showing fair market value of items
donated to charity?
The best approach is to pay a visit to your local thrift shop
with a pad and pencil and record the prices for items that are
comparable to what you donated. That said, here is a list of
sites that have values:
http://www.smbiz.com/sbrl007.html
http://www.salvationarmy-usaeast.org/help/valuation_guide.htm
http://www.usc.salvationarmy.org/us...80256D2C0037B69686256BD6006AD411?openDocument
http://www.salvationarmysouth.org/valueguide.htm
http://www.satruck.com/ValueGuide.asp
 
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B

Bernard S

Not to my knowledge. The FMV is supposed to be provided by
the donee. Sometimes, donee's have general guidelines on
their receipts but these are just guidelines. I know of two
people with 57 Chevrolets. One is worth $300 and the other
is worth $35,000.
Not true. The donee should not be providing FMV. The donor
needs to know the market.
 

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