rappersdelight
27-Nov-2009, 09:48
I want to donate heavy studio gear to my alma mater. Usually, they can provide a receipt with the values of items donated.
I want to use this opportunity for tax deductions.
Do I put down the full retail value of used equipment or what I feel it's worth?
Example
Camera stand: $2500? or $500?
I want to use this opportunity for tax deductions.
Do I put down the full retail value of used equipment or what I feel it's worth?
Example
Camera stand: $2500? or $500?