Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!csd4.milw.wisc.edu!lll-winken!tekbspa!optilink!cramer
From: cramer@optilink.UUCP (Clayton Cramer)
Newsgroups: comp.sys.ibm.pc
Subject: Re: PC donations
Keywords: donate IRS
Message-ID: <1526@optilink.UUCP>
Date: 22 May 89 17:10:06 GMT
References: <1853@husc6.harvard.edu> <1313@raybed2.UUCP>
Distribution: usa
Organization: Optilink Corporation, Petaluma, CA
Lines: 24

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.
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