USA Inventory -Donating vs Loss

Joined
Dec 13, 2012
Messages
2
Reaction score
0
Is it better to donate some inventory that is not selling or donate to charity? Forgive if i posted this in the wrong section. Newbie here.
 
Joined
Dec 13, 2012
Messages
2
Reaction score
0
what i meant to say was it is it better to sell an item at a loss or donate it to charity?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,461
Reaction score
334
Country
United States
Need LOTS more info
for example business or individual is donating?
if business lets say tax rate is 40% - ok so assume inventory has $1mm value
Now donate to charity -get 40K deduction
Sell at loss HOW MUCH LOSS? 1% ??? 90% ???
You have to help us in order to help you
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,775
Messages
27,839
Members
21,814
Latest member
alea2024

Latest Threads

Top