Get the free Donation Value Guide - The Salvation Army USAOfficial ...
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Furniture and Housewares Donation Valuation Guide*
Household Item:
Bakeware
Bedspread/Quilt
Blanket
Chair/Sofa Cover
Clock Wall, Radio
Coffee maker
Curtains
Drapes
Glass/Cup
Griddle
Kitchen Utensils
Lamp
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How to fill out donation value guide
How to fill out donation value guide
01
Gather all the items that you want to donate.
02
Categorize the items into different groups such as clothing, furniture, electronics, etc.
03
Research the fair market value of each item. You can use websites, thrift store listings, or consult a tax advisor for assistance.
04
Write down the fair market value of each item next to its corresponding category.
05
Total up the fair market values for each category to get the overall value of your donation.
06
Make sure to gather any necessary receipts or documentation required by the organization you are donating to.
07
Fill out the donation value guide form provided by the organization. Enter the category and corresponding fair market value for each item on the form.
08
Double-check your entries for accuracy.
09
Submit the completed donation value guide form along with your donation.
Who needs donation value guide?
01
Individuals who make charitable donations and want to claim tax deductions on their income tax returns.
02
Non-profit organizations that rely on donated items to support their cause.
03
Thrift stores and second-hand shops that resell donated items to raise funds for various programs.
04
Tax advisors and accountants who assist individuals in preparing accurate tax returns and claiming the appropriate deductions.
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What is donation value guide?
The donation value guide is a document used to determine the value of donated items for tax purposes.
Who is required to file donation value guide?
Individuals or organizations who have made donations and wish to claim a tax deduction are required to file the donation value guide.
How to fill out donation value guide?
The donation value guide can be filled out by providing information about the donated items, their estimated value, and the date of donation.
What is the purpose of donation value guide?
The purpose of the donation value guide is to ensure that taxpayers accurately report the value of their donations for tax purposes.
What information must be reported on donation value guide?
The donation value guide must include details about the donated items, their fair market value, and the date of donation.
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