Has anyone really actually..

orion9578

Given cards to say the salvation army or another charity and wrote it off on your taxes? I have seen people seemingly joking about it post but never actually known if you could do this. I have about 5,000+ cards from 1987-1993 or so (my prime collecting days as a teen) that I really would like to get rid of one way or another. The joke might be on me if people were just kidding, if not I'd really be interested in some storys from people who have done this. Thanks


Ryan

milbroco

I have never done this but I beleive it can be done. You must claim a realistic price and NOT the catalog value. A 1988 common card might have a catalog value of .05 but we all know that is about .04 too much. On 5000 cards I would probably take a $50.00 deduction. Hopefully someone else actually did this and can give you a better idea of what to do.

I donate clothing to the Purple Heart and we are allowed to take a deduction of $25.00 per trash bag. I have been doing this for years as for some reason my clothing keeps getting tighter....I guess my clothes are shrinking.

coachh

I have donated cards in 3 different years. I have taken low beckett value for cards and low book on sets. I have never had a problem. My receipts always show how many cards, what sets, and the total value of these items.

On the issue of clothes, get a program called its deductable. You will be suprised how much you can deduct for clothes in good condition.

MarkLee

There used to be reports circulating of Bill Clinton taking a $3 deduction for each of his old pair of Jockey shorts donated.

EagleEyeKid

I drop off about 50,000- 125,000 (5 to 15 cases) cards per year to the Salvation Army
I used to give them to Goodwill, but up until last year they have declined
to sportscards and will not take anymore, so I just took them across the
street to the Salvation Army. They have a store front in affilation with some
sort of Women's & Children abuse center. They give me a receipt and I use it
for my taxes. This is late 80's to early 90's stuff. Better than just throwing them
away.

Mrc1932

I put mine in team baggies and donate them to schools, little league teams, etc.
The kids really appreciate them. Although I don't get any receipt for tax write off.
Bob

larryallen73

I did about 100,000 cards a few years ago. I took price guide value for all the cards. I believe the max is $5,000 per year without the need for an appraisal.

orion9578

Thanks for all the replies. I didn't want to just throw them away either, but I do need to get rid of them. Do you actually have to itemize them before you drop them off? If so that will be quite the task.

Ryan