ebay question

From: Dwight K. Elvey <dwight.elvey_at_amd.com>
Date: Thu Nov 6 17:13:27 2003

>From: steve <gkicomputers_at_yahoo.com>
>
>--- Fred Cisin <cisin_at_xenosoft.com> wrote:
>>> Something else to consider: If you donate something
>> to a valid non-profit
>> (501C3?), then the amount that you can deduct is
>> what you paid for it;
>> EXCEPT,... if you had had it for over a year before
>> making the donation,
>> then you can deduct the "fair market value". I paid
>> the usual $10 for a
>> Centronics 101 printer. A few years later, I
>> donated it to City College
>> of San Francisco. (They NEEDED a printer for their
>> TRS-80s that could
>> withstand heavy use and abuse) The IRS was
>> perfectly content with my
>> taking a $1000 tax deduction, although, if I were to
>> have made the
>> donation within the first year after I bought it,
>> they would only have
>> permitted the $10.
>>
>How did you figure $1000 as the "fair market value"
>for a Centronics 101?

Hi
 It surely has more than $10 value as aluminum scrap.
Dwight
Received on Thu Nov 06 2003 - 17:13:27 GMT