Heirlooms and Works of Art
Did your great aunt leave you her jewelry that is beautiful, but just not your style? What about that vintage chair or piece of furniture that does not coordinate with your current ensemble?
Joy Junction not only accepts cash donations, we also gratefully welcome heirlooms, antiques, works of art, real estate, automobiles, stocks and other noncash gifts. This is a great opportunity for those who want to help, but are in a position that makes it advantageous to donate an asset or merchandise, as opposed to cash.
In some cases, appraisals will be required to help you claim the fair market value of an item as a deduction. Donations of merchandise will be receipted as noncash donations, as allowed by the tax code.
Please find links below to an IRS publication and form to help you better understand the process. Thank you for thinking of Joy Junction!
IRS Publication 561 – Determining the Value of Donated Property
IRS Form 8283 – Noncash Charitable Contributions
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