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Valuing Used Macs for Donation
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Dedicated MacNNer
Join Date: Mar 2000
Location: St. Louis, MO
Status:
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My mother has two used iBooks that she wants to donate to my daughter's school. Is there somewhere to find the value of the iBooks that she can use for her tax deduction for the donation?
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R. C. Nemanick, Ph.D.
PBG4 12" 867MHz 640 MB RAM
PMG3 500MHz 1 GB RAM
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Professional Poster
Join Date: Jun 2007
Status:
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Typically the institution provides the receipt and the fair market value for the donation. Ask them for a receipt. The IRS has been clamping down on what people state on fair market value of non-cash donations lately so you need to be on top of things.
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Clinically Insane
Join Date: Dec 1999
Status:
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You could check eBay, see what they go for on average.
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"…I contend that we are both atheists. I just believe in one fewer god than
you do. When you understand why you dismiss all the other possible gods,
you will understand why I dismiss yours." - Stephen F. Roberts
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
Status:
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Every time I donated stuff to charities, I got a blank donation receipt from them, telling me to fill in the value myself.
Most of the time, they ain't got no clue what the stuff is worth.
-t
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Addicted to MacNN
Join Date: Mar 2006
Status:
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Originally Posted by MacosNerd
Typically the institution provides the receipt and the fair market value for the donation. Ask them for a receipt. The IRS has been clamping down on what people state on fair market value of non-cash donations lately so you need to be on top of things.
NO NO NO!
The receiving institution is forbidden under US law from offering a valuation UNLESS they actually sell it, in which case they can value it at what they sold it for. Document the value by printing out ebay auctions or somesuch for similar items.
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Addicted to MacNN
Join Date: Mar 2006
Status:
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Originally Posted by turtle777
Every time I donated stuff to charities, I got a blank donation receipt from them, telling me to fill in the value myself.
Most of the time, they ain't got no clue what the stuff is worth.
-t
Exactly - see above - they are, indeed, required to give you a blank receipt.
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
Status:
Offline
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Oh, I didn't know they weren't allowed to do so.
But my point still stands: they ain't got no clue either
-t
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Addicted to MacNN
Join Date: Mar 2006
Status:
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Indeed, that is I suspect, one of the reasons....
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Mac Elite
Join Date: Aug 2005
Location: Vancouver, BC
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