PDA

View Full Version : Goodwill donations irs 8283



Shortstop12088
08-29-2017, 03:51 AM
I'm always brainstorming ideas and I am someone who likes to tinker with things. Browse classifieds, buy/sell, etc... I currently have a solid paying job but do not enjoy 56-84 hour weeks. I want to start up a business for myself with potential to only work for myself in the future.

My question for now is:

Could I pick up good condition free items and donate to goodwill with potential to be $10,000-$20,000 worth of write offs from there or is there some certain cap? I would like to possibly have a professional business name to sell/part out some items so that I could write off my vehicle's mileage and other similar things. (Show little to no profits for this "business" while working my normal job. Looking for a nice write off, sorry for the ramble.

ESGROUP
04-20-2019, 11:23 AM
Contact a CPA. That is your best bet.

Chris_Tax
05-08-2019, 07:38 PM
In California, you cannot claim as a deduction contributions to religious organizations.

Chris_Tax
07-13-2019, 01:33 PM
California does not allow Christian donations as a tax deduction. Kindly double check this.