Donating excess merchandise: Tax write off value (Fair Market)

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Donating excess merchandise: Tax write off value (Fair Market) - what guide do you use?

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I've got a couple hundred books and a few electronic accessories that I'd like to get out of inventory (some bad deals, others the value dropped so FBA is a loss and MF is 0.01 at lowest), and thought maybe I'd just donate them and take a tax write off. According to Goodwill's site a like new book has a Fair Market value of 2 dollars. Is that terribly low or should I use the value at which it current sells on Amazon (FBA of course) or the 2.00 if it's higher than Amazon?

Anybody do this or is it more hassle than it's worth?

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Posted: 9 years ago
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