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Eric M. Jones
Joined: 10 Jan 2006
Posts: 565
Location: Massachusetts
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 Posted: Fri Mar 09, 2012 4:21 pm Post subject: ShopGoodwill.com |
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I want to share with you a little gem:
Ebay has lots of stuff, but it's hard to beat the bargains at ShopGoodwill.com. For one thing, it's all tax deductible (I think) for another, it helps people who really need help, and it's a good way to waste time. There are bargains galore.
Recently, I have seen plenty of things that would be of use to a/c builders. I have seen instruments and tools galore go for a song. Often the descriptions are muddled, and you never know what condition your purchase will be in. I have made some amazing deals, and have seen even more amazing deals.
One curiosity is that many estates get transferred wholesale to Goodwill industries without the kids (if there are any) really caring about--for example--the old man's David Clarke headphones. Or the garage full of aircraft instruments. Search tools and miscellaneous.
And oh yeh, if you want a digital camera for no money. Buy one of theirs. I've bought several and have given them away to the kids.
I bid unsuccessfully on a box of SIX Nikon Ultra-Micro Nikkors, used for IC fabs (but also collected and used for really-amazing photos, by those in the know...). Each of these sells on Ebay for $3,000. Woulda' Shoulda'....
But unlike Ebay, where things are pretty well organized, ShopGoodwill is like a huge thrift store. You just look around.
Example: Dyna-Glo RMC-FA100A Propane Heater (9529840) sitting at $12.10. Now who above the 30th parallel doesn't need one for his hangar?
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_________________
Eric M. Jones
www.PerihelionDesign.com
113 Brentwood Drive
Southbridge, MA 01550
(508) 764-2072
emjones(at)charter.net |
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millner(at)me.com
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| Posted: Mon Mar 12, 2012 8:02 am Post subject: ShopGoodwill.com |
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Seems like there'd only be a tax deduction to the extent you pay MORE
than something is worth. If you're getting goods for what they're
worth, or presumably much less, no deduction.
Of course, you can claim whatever pleases you... but that wouldn't be
sound accounting practice.
Paul
On 3/9/2012 4:21 PM, Eric M. Jones wrote:
| Quote: | it's all tax deductible (I think)
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Please note my new email address!
millner(at)me.com
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longg(at)pjm.com
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| Posted: Mon Mar 12, 2012 8:44 am Post subject: ShopGoodwill.com |
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I seems to me if you sell for profit, something someone gave you for free (and you are a non-profit), you are generating taxable income which would be disallowed/taxable unless you re-invested that income into the process you have established the 401c for in the first place. Education, save the world and so on.
If that's the case then my purchase goes into the not-for-profit folder which supports Goodwill's save-the-world operation which is a tax free deduction for me.
If my purchase goes towards Jet-A for Goodwill's Citation or dinner for the execs and their lovely wives, that may be bending the rules. All depends on whether their policy is to provide a tax deductible receipt for the purchase.
Either way, there is plenty of dirt to go around in America and giving money away is still 1 of the best tax deductions out there.
Be generous,
Glenn
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