How much was that stuff worth?

March 28, 2008 3:11 PM

How much was that stuff worth? I have to prepare a fairly precise net worth statement for Sept 93 on short notice. Most is easily pulled off old statements, but how do I come up with a solid fair market valuation for household/personal goods? It's peak tax season, so impossible to get an fast answer from an accountant. The only obvious calculator just throws validation errors.

The place has been through several clutter purges and a couple buying sprees in the interim. Darned if I recall what was and wasn't here so long ago. What's a good method for estimating the value of household contents?

posted by nakedcodemonkey to Work & Money (3 answers total)

Are you just talking about household stuff - like a couch or clothes or what? If that's the case, then how about this Goodwill Value Guide.
posted by Sassyfras at 4:33 PM on March 28, 2008

Tax Act Online will help you calculate this stuff for free, or you can purchase software like Tax Advisor.
posted by misha at 4:45 PM on March 28, 2008

Response by poster: Yes, it needs to sum up all household belongings, i.e. everything inside except what came with the place itself. So any estimation method that's less long and painstaking than inventorying items individually and looking up each's worth. That calculator bases its estimate on number of rooms (6) and general quality of possessions (simple). Sounds reasonable, if there's one that actually spits out an answer.
posted by nakedcodemonkey at 8:51 PM on March 28, 2008