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Gloucester2 · 06-13-2006, 10:13 AM

Regardless of who you donate it to - your write-off will be limited to what the charity ultimately sells it for . . . normally pennies on the dollar. New rules - the IRS wised-up to people inflating the value of donations of this type.

06-13-2006, 10:13 AM	#7
Gloucester2 Registered User Join Date: Jan 2003 Posts: 833 Blog Entries: 1	Regardless of who you donate it to - your write-off will be limited to what the charity ultimately sells it for . . . normally pennies on the dollar. New rules - the IRS wised-up to people inflating the value of donations of this type.