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Interesting that the FMV of a bra is $6, as if all bras were the same. If you want to establish a "true" fair value, why not try to sell a few pairs on Ebay (or consignment shop) and see what the market is paying. You then use that as your basis. If audited, you pull out that info, the pictures, prices tags and you would seem to have a reasonable defense. You certainly would not be doing anything illegal or cheating by making a fair assumption that what you actually sold it for was fair value.

For cars, the fair market value in blue book (etc) changes based on the region, so there can never be one absolute fair market value for something, like $6 for a bra.

- I am not a professional tax advisor, cpa or anything else that would give you great confidence, but my argument seems reasonable.

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