NON-CASH CHARITY DONATION

[terry]

T/P donated bushels of apples to local school which were grown on his property. Wanting to take FMV per bushel. This is a first for me! Pub 526 refers to food inventory but doesnt really relate to this situation. Thanks.

[Gail in Virginia]

I think that if he reports the FMV of the apples on his farm return as income (which is probably where any expenses of growing them such as fertilizer and pesticides should be), then he can deduct the FMV on his schedule A. That seems fair, doesn't it?

[PapaJoe]

Was the taxpayer in the business of farming?

[jainen]

>>Wanting to take FMV per bushel<<

In my opinion, that is an appropriate deduction (assuming he complies with the rules for substantiation). Well, technically the lower of FMV or basis, but I would guess the reason he's giving them away is that he can't sell them.

[terry]

Was the taxpayer in the business of farming?

No, has a small orchard on his property.

[Lion EA]

Charitable contributions are lower of cost or FMV for unappreciated assets.