Yes, but you still have to do the paperwork. Declare the revenue you got for it and then the paperwork from the charity acknowledging they received it and it’s value. PITA
Sent from my iPhone > On Jul 14, 2024, at 17:12, Bill Gunshannon via cctalk <cctalk@classiccmp.org> > wrote: > > > >> On 7/14/2024 7:14 PM, Wayne S via cctalk wrote: >> Trying to compare a billionaire’s estate collection with people like us is >> futile. Most of us collectors will die and our collection wont be of >> interest to the IRS because it won’t amount to much. Pauls collection, on >> the other hand, will be of interest simply because he called out what to do >> with it when he dies (sell and proceeds to charity) and he’s a billionaire >> so they look very closely at estate where there could be significant tax >> revenue. > > There is probably no tax revenue if it all really goes to charity. > > bill >
