🚀 go-pugleaf

In <4fSwhy200iVgQ210gA@andrew.cmu.edu> Joshua Alan Knauer writes:
>Have you ever thought about donating your equipment to a non-profit
>organization?  It is a much more lucrative deal then trying to sell it
>over the net, as computer donations to non-profit organizations are
>FULLY TAX DEDUCTIBLE up to 50% of your gross income and can carry over
>to five years.  Basically, what happens is that you report to the IRS
>the Fair Market Value of the equipment (which is whatever you tell us it
>is) and then you get to deduct that FULL amount from you gross income.

While I encourage people with unneeded computers to donate them to worthy
causes, I should also point out that the IRS is fully aware that computer
selling prices decrease rapidly with time, and has in the past treated
the 'fair market value' of a system as being more or less the price you'd
get for it if you tried to sell it over the Net.  There are some general
rules of thumb they use for calculating this; contact a tax lawyer or
the IRS for details.

John Ockerbloom
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ockerbloom@cs.cmu.edu                4209 Murray Ave., Pittsburgh PA 15217