The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Small yard sale or Goodwill? Date:  7/21/2006  10:25 AM
Author:  IndecisiveFool Number:  232459 of 310986

I still may do it, but I seriously just have junk left and I doubt I would get more than $50-75 for all of this stuff.

You are supposed to only deduct the value on the items when filing your taxes. If the stuff is truely junk and worth no more than $50, then you should only enter $50 as the value when you itemize.

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us