|
|
|
Thread Tools | Display Modes |
|
#1
|
|||
|
|||
Quote:
|
#2
|
||||
|
||||
Quote:
In Canada, there are a number of rules that deal with donations, including a three year rule look-back rule restricting donations to the purchaser's cost, rather than fair market value. These amendments were put into place to prevent what the fisc considered inappropriate donation schemes whereby a taxpayer profited through a donation after taking into account the tax credit. Donations aren't always a simple thing when the donation isn't cash. Max
__________________
Max Weder www.flickr.com/photos/baseballart for baseball art, books, ephemera, and cards and Twitter @maxweder |
#3
|
|||
|
|||
Quote:
Being in the auto business, I occasionally donate or facilitate donations of worn out cars. Getting a $500 tax donation for a car that sells for $200-300 when it's auctioned is not going to raise eyebrows - and most people have basis in the vehicle anyhow. Buying an old junker for $500 to make a donation and charge off $5000 - that'll get you in some trouble. No different than cards I'm sure. |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Japanese Baseball Card & Memorabilia Auction - ENDS TONIGHT APRIL 21 | Archive | Ebay, Auction and other Venues Announcement- B/S/T | 1 | 04-21-2009 09:02 AM |
2008-09 Japanese Baseball Card Checklist & Price Guide | Archive | Baseball Memorabilia B/S/T | 1 | 08-13-2008 11:04 AM |
About.com: Let's Review Their Baseball Card Timeline | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 10 | 07-23-2007 12:36 PM |
Book For Sale: Baseball Hall of Fame Rookie Card Collection | Archive | Baseball Memorabilia B/S/T | 0 | 04-12-2007 03:23 PM |
Are baseball card transactions taxable? | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 21 | 02-28-2007 10:38 AM |