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re: Donating old clothes and furniture vs Selling
Posted on 4/25/13 at 12:14 pm to Poodlebrain
Posted on 4/25/13 at 12:14 pm to Poodlebrain
quote:
The IRS most certainly does not know your stuff is worthless. Have you walked through a thrift store recently? And you can claim up to $500 of noncash charitable contributions without attracting undo attention from the IRS.
Do you think the IRS wants to audit taxpayers for their donations to charities? That would earn them lots of goodwill with the public and members of Congress.
The best way to support your donations is to (a) get a receipt from the donating entity, and (b) take photographs of the donated items and attach the photo(s) to your receipt.
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