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Old 09-21-2011, 02:02 PM
  #16  
ckcowl
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Join Date: Feb 2009
Location: Northern Michigan
Posts: 12,861
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charity donations are valued at actual cost of materials- it's not allowed to add in time- only the actual materials cost.
so it is important to save reciepts- especially if you plan to use it as a donation tax deduction on your income taxes.
an insurance or resale value would be figured at cost x 3.
but most charitable foundations only allow the actual cost values.
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