kiely@lownlab.harvard.edu (James P. Kiely) (05/18/89)
I am looking for a PC that wants to be donated to a church. There must be zillions of old two floppy PC's that people are dying to get rid of. Of course an old XT would be better, but beggers can't be choosers. At any rate, does anyone know where I would find such a machine? Is there any sort of clearing house for old machines being donated to charitable institutions? I believe that the "fair market value" of the machine is deductible from next year's taxes if you donate it to a charitable institution. ============================================================================= NAME: James P. Kiely USPS: Kiely Laboratories USENET: ...!harvard!lownlab!kiely P.O. Box 624 DOMAIN: kiely@lownlab.harvard.edu Allston, MA 02134-0624 PHONE: +1 617 782 4136 USA
rgc@raybed2.UUCP (RICK CARLE) (05/20/89)
In article <1853@husc6.harvard.edu>, kiely@lownlab.harvard.edu (James P. Kiely) writes: > I am looking for a PC that wants to be donated to a church. > : > I believe that the "fair market value" of the machine is deductible I think you can deduct the original purchase price, fair or not. Am I right? Would you take a TRS-80 Model I (w/2 floppies)? Rick Carle, rgc@raybed2.ray.com
cramer@optilink.UUCP (Clayton Cramer) (05/23/89)
In article <1313@raybed2.UUCP>, rgc@raybed2.UUCP (RICK CARLE) writes: > In article <1853@husc6.harvard.edu>, kiely@lownlab.harvard.edu (James P. Kiely) writes: # # I am looking for a PC that wants to be donated to a church. # # : # # I believe that the "fair market value" of the machine is deductible # # I think you can deduct the original purchase price, fair or not. # Am I right? # Would you take a TRS-80 Model I (w/2 floppies)? # # Rick Carle, rgc@raybed2.ray.com No. You can take the "fair market value" -- which means what you can sell it for -- NOT what you paid for it. Of course, determining fair market value can be difficult, and if you don't try to deduct something TOO outrageous, you might get away with deducting 20-30% above the real market price -- but if you try to deduct full original purchase on a very old computer, you are going to be crossing that line from "legitimate mistake" to "deep trouble". -- Clayton E. Cramer {pyramid,pixar,tekbspa}!optilink!cramer Assault rifle possession is a victimless crime. ---------------------------------------------------------------------------- Disclaimer? You must be kidding! No company would hold opinions like mine!