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Are purchases from GOODWILL Thrift Stores, Salvation ...

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Are purchases from GOODWILL Thrift...
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: 9 years ago.Category: Tax
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6/3/2008
Tax Professional: Marvin,EA, Enrolled Agent replied 9 years ago
Marvin,EA
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1,672
Experience: Enrolled to Represent Taxpayers Before The IRS
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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
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1,672
Experience: Enrolled to Represent Taxpayers Before The IRS
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Customer reply replied 9 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.
Tax Professional: Marvin,EA, Enrolled Agent replied 9 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.
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Marvin,EA
Marvin,EA
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