How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Marvin,EA Your Own Question
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1672
Experience:  Enrolled to Represent Taxpayers Before The IRS
Type Your Tax Question Here...
Marvin,EA is online now
A new question is answered every 9 seconds

Are purchases from GOODWILL Thrift Stores, Salvation ...

Customer Question

Are purchases from GOODWILL Thrift Stores, Salvation Army & Hospice Thrift Stores Tax Deductable? Purchases made from this stores are not taxed and I am wondering if purchases are then treated as donations? We like to find Fine Bone China to add to our collection & we make these types of purchases often.                    Thank you for your input. Stan [email protected]
Submitted: 8 years ago.
Category: Tax
Expert:  Marvin,EA replied 8 years ago.
Hello and thank you for using Just Answer. Purchases from thrift stores are not tax deductible unless you pay over fair market values for the items and you get a receipt stating the amount as a donation to the organization.
Marvin,EA and 2 other Tax Specialists are ready to help you
Customer: replied 8 years ago.
These stores price the merchandise so would that be considered fair market value and I do get a receipt. But it does not use the wording of donation.
Expert:  Marvin,EA replied 8 years ago.
You would have to get the store to write on the receipt how much is a donation and how much for the item purchases.