11/27 I have a lot of used, but clean and high quality clothing. It's
not Prada or anything, but lots of name brands like Express are
included. I usually donate this to charity, but is there a good
way to sell it? Is selling stuff like that worth your time on
eBay or Craiglist? There's probably a couple thousand dollars worth
(retail price).
\_ My wife takes stuff like this to Buffalo Exchange first and then
gives the rest to Goodwill (and gets a receipt for tax deduction
purposes). -ausman
\_ If you have a high enough tax burden, you could donate the clothes
and write them off, getting full value for the clothes for the
writeoff.
\_ Can I really write them off at full retail value?
\_ sure, if you don't get audited. -tom
\_ I seem to recall that last year the IRS was threatening
to audit suspicious goodwill donations much more
aggressively, due to the number of people abusing the
deduction in this manner. -jrleek
\_ http://www.goodwillpromo.org
\_ My wife takes all of our used clothing to Buffalo Exchange first
and then donates the rest to Goodwill. Goodwill will give you
a receipt for their fair market value (not new value) that you
can use to write off taxes. -ausman
\_ Does Buffalo Exchange actually buy anything or is it a waste
of time? They seem picky about what they will take. I
usually donate to Salvation Army, because Goodwill in my
area is difficult to deal with (they get more donations than
they can handle and they act like it).
\_ Sure they're picky, they only buy what they can sell at a
markup, but my wife has made some money there. They usually
only take a little of what you bring it, but it's more than
you get from goodwill. -jrleek |