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If someone donates books to charity, just everyday novels, business books etc., in paper or hardback, what percentage of the original cover price is an allowable deduction? Or is there some method other than percentage of cover price used in determining the allowable deduction?

Most public libraries have a Friends of the Library group that accepts the book donations and sells the used books both on a regular basis (usually in a specific area of the library) and at special sales. Take a look at the stock and the prices asked to get a good idea of what deduction to take for the books you're donating.


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