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Thrift
Shop Valuation Guide
The following
is a list of the average prices for items in good condition. This
list is for your guidance only.
New Federal
Income tax regulations require donors claiming deductions for
charitable contributions consisting of property other than cash
worth more than $500 to file Internal Revenue Service Form 8283,
Noncash Charitable Contributions". Where the noncash charitable
contribution, other than publicly traded securities, exceeds $5,000
(including 'similar property' contributed to one or more charitable
organizations), the donee charitable organization must acknowledge
the contribution on the form 8283.
In addition,
donee charitable organizations are required to file Internal Revenue
Service For, 8282 'Donee Information return', when they dispose
of certain property the receipt of which they have acknowledged
on a Form 8283.
[See IRS
publication 561 (Revised February 2000). 'Determining the Value
of Donated Property' for detailed information.]
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