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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: jeromedawg on June 20, 2017, 01:40:04 PM

Title: Donating CDs - valuation?
Post by: jeromedawg on June 20, 2017, 01:40:04 PM

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?

Title: Re: Donating CDs - valuation?
Post by: Roboturner on June 20, 2017, 01:53:11 PM

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

Title: Re: Donating CDs - valuation?
Post by: seattlecyclone on June 20, 2017, 02:00:36 PM

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.

Title: Re: Donating CDs - valuation?
Post by: Dave1442397 on June 20, 2017, 03:32:38 PM

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.

Title: Re: Donating CDs - valuation?
Post by: apricity22 on June 20, 2017, 04:33:19 PM

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.