What is the value of donation items for tax purposes? - wholesale donation tins
Hello,
We have a clothing store and would like some clothes to donate to charity. They are all new. It is estimated) at our cost (wholesale price) or market price or the retail sales for tax purposes (partnership? Thank you.
Saturday, February 6, 2010
Wholesale Donation Tins What Is The Value Of Donation Items For Tax Purposes?
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1 comments:
Are there special rules for the donation of inventory (active hot) of a company. What you can do is to the total cost and 50% profit margin. For example, if the costs of Article 5 and sold it for 10, which are valued at $ 7.50. [5 + (10-5/2)].
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