The estate should just have given the collection or parts of it directly to the charities if the charities were equipped to dispose of it.
Sent from my iPhone > On Jul 14, 2024, at 17:56, Wayne S <wayne.su...@hotmail.com> wrote: > > 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 >>
