Donating cards
bsfastball
Posts: 455 ✭
Anybody have any experience with donating cards to charity or some other organization? I have a ton of modern cards (stars, commons, inserts, etc.) that I would like to get rid of, and I've heard you can take tax write-off by donating them. Has anyone done this?
Anybody know of any organizations that would take such a donation + provide documentation?
Anybody know of any organizations that would take such a donation + provide documentation?
0
Comments
Collecting Tony Perez PSA and Rookie Baseball PSA
https://www.collectibleswithcauses.org/donate-sports-collectibles.html
A good friend of mine makes donations of sports cards to this charity, sends them almost a box every week. Every time he received his IRS form 8283 by mail, and receives a larger tax deductible amount than he could have by selling them.
I've donated with Commnons4Kids a number of times: https://commons4kids.org/
The Doomsday Collection
Dallas Cowboys Ring of Honor | All-Time Dallas Cowboys | Bob Lilly Master | Pro Football HOF Dallas Cowboys
IRS has an army ready to audit you.
Kiss me twice.....let's party.
If you are really wanting to donate for a tax deduction, I would talk with
an experienced account. Be prepared to have at least the last three years
of tax returns with you. Do not bother with HR Block and other seasonal
preparers. Be able to substantiate all card related deductions if you are audited.
Not legally he doesn't.
I've donated tens of thousands of commons over the last few years to a local youth after school program, never once thought about a tax deduction though. I can't imagine attributing a value to that stuff, I'm just glad to get it out of the house...
I’ve dropped off bins of them at Goodwill over the years. Hopefully they went on to someone who could enjoy them.
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF