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Old 03-03-2013, 12:45 PM   #17
jbcohen
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You need to weigh the costs of and time you spend selling the K3 to the amount that you be allowed to take off your taxes if you give it to charity. What the IRS has told me is that they will except any fair market price such as you go on ebay and see a K3 there and take off that amount for the K3. There is a value for your time, the amount you get paid per hour on the job, you need to figure out how long it would take you to sell it somewhere locally or list it on ebay, plus the time it would take to check the auction and the amount of time it would take to obtain the packaging and send off the reader to your customer. Simply giving it to a charity is the simplest method, since most of them will come pick it up so that's very little cost in time. So is it worth your time to attempt to sell it.

Last edited by jbcohen; 03-04-2013 at 07:34 AM.
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