Donating CDs - valuation?

[jeromedawg]

Hey all,

We are planning to donate a bunch of old cds and I was wondering how you guys value them. Do you generally just assume $1 per cd? Is it based on their overall condition?

[Roboturner]

I've always done $1 straight but its largely up to you, no one will hunt you down

Goodwill has a guide calling CD/DVD at $2/e

https://www.goodwill.org/wp-content/uploads/2010/12/Donation_Valuation_Guide.pdf

[seattlecyclone]

When I donate to Goodwill I usually go in the store to see what similar items are selling for and claim that value. $1-2 for a CD sounds reasonable.

[Dave1442397]

Turbo Tax has a donation calculator that will give a valuation on just about anything you donate. I was surprised that most of what I gave to Goodwill was given a much higher value than I would have used, but it seems to have passed IRS scrutiny.

[apricity22]

I use H&R Block software and they too have a donation calculator that gives a valuation for you also. I'm surprised at the value that some used items are valued at so it does add up. Just remember to keep a list of things you donate so you don' t have to try to remember at tax time.