View Full Version : Clothing donations
tableclocks
Dec 1, 2014, 06:48 PM
My wife has, literally about 500 or so pieces of very good clothes, hard and time consuming to sell. If the retail for the used cloths is about 3,000.00, how can I get that deduction on my taxes? There is also, maybe 1 or 2 thousand dollars of other stuff.
Thanks for your help and time.
Richard
AtlantaTaxExpert
Dec 1, 2014, 07:35 PM
Claiming such a large amount for clothing donations is risky, UNLESS you can find a charity that is willing to put a dollar value on each piece of clothing or groups of clothing.
tableclocks
Dec 2, 2014, 11:46 AM
Claiming such a large amount for clothing donations is risky, UNLESS you can find a charity that is willing to put a dollar value on each piece of clothing or groups of clothing.
thank you, I will ck with the good will, will they have a special form that the IRS will accept?
if my church puts value on then and gives then away, will that be acceptable to the IRS?
I know your on here all the time, and I thank you for your info, richard
AtlantaTaxExpert
Dec 2, 2014, 11:54 AM
The church option is your best bet.
joypulv
Dec 2, 2014, 12:08 PM
She isn't going to get retail for used clothing. Churches where I live won't give a tax receipt for for rummage sales. And non-profit shops attached to churches or hospitals will only give a receipt equal to what they think they will sell for, and can be very choosy about what they will take at each season.
tableclocks
Feb 4, 2015, 07:10 PM
thank you, I will ck with the good will, will they have a special form that the IRS will accept?
if my church puts value on then and gives then away, will that be acceptable to the IRS?
I know your on here all the time, and I thank you for your info, richard
I did another question about a 8283 if you get time to look at it, thanks