you still need to keep your own records to document the donation. Write down the name of the organization you donated to, the date and location of the donation, and a description of what you donated. You also need to write down the fair market value of the donated items as well as how...
sometimes as much as 40 to 60 percent of the sale price. Consignment sellers know the fair market value of your items and can price them accordingly. While you could sell the items yourself and keep all
A tax receipt will be issued by the eligible charity when you provide a cell phone as a donation. The tax receipt includes important information including the name of the donor, the charity, contact information and the date of the donation. Also a list of donated items (in case you are d...
For non-cash items worth more than $250, it is the donor's responsibility to request a written acknowledgement from the nonprofit in order to claim the contribution on his tax return. The acknowledgement must include the name of the organization, description of the non-cash donation, and a s...
In order to assist you in locating the sales price of donated items, tax software programs such as H&R Block’s TaxCut and Intuit's TurboTax, provide donors with an estimated value of the items that they donate. When completing your taxes with one of these programs, you enter in a descri...