What is the name of your state? IN
I had some weights for sale, and got a call from the local fire department. The firefighter is planning to pay me out of his own pocket for the weights because the department won't buy them for them (apparently he's getting them for the station). So I'm thinking maybe I can just donate these things, and write them off. My asking price was probably considerably less than fair market value (I advertised them for cheap to move them fast), so I'm thinking the deduction will about equal what the guy plans to pay me out of pocket anyway.
So to get to the question, is it possible to write this off as a donation without too much trouble? Will I need to get some kind of receipt from the fire dept?What is the name of your state?
I had some weights for sale, and got a call from the local fire department. The firefighter is planning to pay me out of his own pocket for the weights because the department won't buy them for them (apparently he's getting them for the station). So I'm thinking maybe I can just donate these things, and write them off. My asking price was probably considerably less than fair market value (I advertised them for cheap to move them fast), so I'm thinking the deduction will about equal what the guy plans to pay me out of pocket anyway.
So to get to the question, is it possible to write this off as a donation without too much trouble? Will I need to get some kind of receipt from the fire dept?What is the name of your state?