Originally Posted by
LindaM49
I donated the jars to them and they gave me a receipt for the wholesale price that I paid to my supplier. And that's what I used for the deduction on our income taxes.
One word of caution, the amount claimed by the taxpayer must be donor assigned. The charity is not supposed to put any dollar amount on the receipt they give the donor. That's why it's critical that you have receipts for "new" goods donated or use generally accepted values (there are several lists available) for "used" goods donated.