How to Figure Fair Market Value Donations?

Answer Personal property that you donate to a qualified charitable organization can be deducted from federal income taxes if you itemize deductions on Schedule A of Form 1040. Clothing, household items an... Read More »

Top Q&A For: How to Figure Fair Market Value Donations

How to Determine the Fair Market Value of Donations to Goodwill?

If you have donated some household goods or other items to your local Goodwill thrift store, you can claim those donations on your taxes. You must have a donation receipt from Goodwill in order to ... Read More »

How to Find the Fair Market Value of Donations for Taxes?

Many charitable donations comes at the end of the tax year, as donations can be tax deductable. The items being donated may actually have more sentimental than actual value. The IRS, however, allow... Read More »

What is fair market value in the stock market?

Fair market value in the stock market is the price that an interested buyer would be willing to spend and an interested seller would be willing to accept on the open market, according to InvestorWo... Read More »

What does the fair market value of a car mean?

The fair market value means the price that a person can fetch in an open and fair transaction. Determining the actual fair market value of car can be difficult because it requires a personal assess... Read More »