Re: [taxchat] Re: Qualified Donation?

Good to know it cost over $6000 a short time ago.  The $3K sounds like a realistic FMV>

 

 

----- Original Message -----

From: Sandy

To: taxchat@yahoogroups.com

Sent: 12/11/2008 3:36 PM

Subject: [taxchat] Re: Qualified Donation?

Arnie, he paid over $6000 for the equipment 1 1/2 year ago. Had a knee
replacement and can't use it anymore. At this point I feel comfortable
taken the writeoff. The charity is the one setting what they feel is
the value. Same as in a "kept" car donation. If they can set the
value for a car, then the same logic suggests that this charity can set
the value (to them) of the equipment. Basically, I wanted to see if
others saw the logic in the argument.

Arnie Socol
President
Ways & Means, Inc.
845-562-6070

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