Who establishes the value of a donation?
According to IRS regulations, the donor estimates the value. You are responsible for computing a fair value, we highly recommend checking with your tax advisor if you are planning on taking a deduction for any donations to determine their impact on your tax burden. To help determine the value of your donation, you should: • Check computer newspapers or magazines to see if they publish a listing of current ‘street prices’ for older machines. If you find a similar machine listed, save the publication support your estimated value. • Check newsgroups online for prices others are asking when selling similar computers. • If your donation consists of a large number of machines, you may need to hire a professional to give you an estimate. You should call the IRS and ask for guidance before you make your donation.
