The cost basis of a piano is lesser than the appraisal value what is your non cash contribution on sch A?

[sjrcpa · Accepted solution]

If held for more than 1 year, and not inventory, appraised FMV.

[TaxGuyBill]

If the piano was "ordinary income property" (such as depreciation recapture if it was depreciated for a business):  The deduction is usually the Basis.

https://www.irs.gov/publications/p526#en_US_2017_publink1000229756

If the piano was "capital gain property" and the piano is not being used for the charitable work ("unrelated use"):  The deduction is the Basis.

If the piano was "capital gain property" and the piano *is* being used for the charitable work:  The deduction is usually the FMV (but see link for other exceptions).

https://www.irs.gov/publications/p526#en_US_2017_publink1000229761