I have a very large donation ready to go. When I spoke with the charity she stated I should do an itemized spread sheet and she would sign and stamp it.
My first question is ... Will this be enough for taxes or do I need to keep all of the receipts?(Receipts would be a major undertaking since some of the beauty items were purchase 5 months ago)
My second question is... What amount do I put for the price of the items, sale prices, shelf prices or the price I paid after coupon (I will never be able to figure that out. I do know most was free or less that $.50)
The best example I can give is the Bayer Meters. I paid $0.00 for these and actually made money on them. The sale price at the time was $14.99 for some and $10.00 for others. The shelf price is approx. 49.99. Which price do I use?
Any help I can get would be welcomed. I plan to drop off the donation on Wednesday morning and need to get this done as soon as possible.