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re: Donating old clothes and furniture vs Selling
Posted on 4/25/13 at 7:39 am to tdavi48
Posted on 4/25/13 at 7:39 am to tdavi48
That would be your decision. I believe the max you can deduct for donations or this sort is only $350 per year, or at least that is what I was told. I just go this route each year with clothes, etc..
Posted on 4/25/13 at 7:45 am to HeadyMurphey
That's the most you can deduct without raising an eyebrow. Because in reality your stuff is worthless and the IRS knows this. But if it is worth more make sure to have detailed information about it.
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