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re: Donating old clothes and furniture vs Selling

Posted on 4/25/13 at 7:39 am to
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17194 posts
Posted on 4/25/13 at 7:39 am to
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 by reb13
Member since May 2010
10905 posts
Posted on 4/25/13 at 7:45 am to
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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