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That’s a great question. For in-kind donations you receive, record them at fair market value on the date they arrive. For goods, use retail or thrift shop values; for services like legal help, use FMV if you would have paid for them anyway. Just remember to record both revenue and an equal expense. When you donate items or services, record them as a contribution expense at fair value. Keeping separate accounts for goods and services helps, and it’s always wise to document how you valued each donation for your records.