tag:blogger.com,1999:blog-5032799324125216092.post7268425050831188560..comments2023-04-17T10:04:01.828-04:00Comments on Sense with Cents: Why powerful people donate...Alacias Engerhttp://www.blogger.com/profile/00087021094234335497noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5032799324125216092.post-79207956886110738482017-01-01T19:20:01.474-05:002017-01-01T19:20:01.474-05:00The last line of your comment is one very good way...The last line of your comment is one very good way to do it. I hestitate to refer to it using the word "replace" because you can't really claim the amount it would take you to buy a new pair, but rather what it is worth at the time you donated it. If you bought them for $100 originally (the jeans) and wore them for a couple of years, then donated them. The thrift store might tag them as $40 (what they'd be worth used), and that's what you'd claim.Alacias Engerhttps://www.blogger.com/profile/00087021094234335497noreply@blogger.comtag:blogger.com,1999:blog-5032799324125216092.post-16519446619909296602016-12-28T19:05:50.903-05:002016-12-28T19:05:50.903-05:00Our accountant always tells me to use replacement ...Our accountant always tells me to use replacement value (her example was the five pair of Levi's 501 jeans that were in the ARC pile. I should claim the $45-70 dollars it would cost to replace each pair) for our donations. Is this the same as fair market value? I wars claiming the price I knew they would get tagged with at the thrift shop.Sadkittyhttps://www.blogger.com/profile/00017258640210577339noreply@blogger.com