mrslong88
I have been trying to sell my 8-yr old used bedroom furniture and it's not going. I am thinking of just donating it to the Salvation Army. Can this be used as a tax deduction? On their site, it says the normal value of full bedroom sets is $250-$1,000, and I am asking $600. What is the procedure? Is this worth it?
Answer
Certainly. You would go by thrift shop value. When you donate it, ask for a donation receipt with the donated value, to use for preparing your income taxes. Anything that gets the taxes down is definitely worth it!
Certainly. You would go by thrift shop value. When you donate it, ask for a donation receipt with the donated value, to use for preparing your income taxes. Anything that gets the taxes down is definitely worth it!
Would you buy a mattress from craigslist?
Jax101
My husband and I have a rather successful side project buying furniture for great deals on craigslist and then reselling them after minor repairs. We mostly stick to sectionals and couches but recently scored an entire bedroom set (king bed, 2 nightstands, dresser with mirror) for $300. The set itself is in great condition, its modern and sleek, no flaws and from Ashley home furniture. We can easily resell for $600 (we live in a large city). However, we also saw a posting for a newer mattress and bed spring set for $130 that they are selling due to moving. In your opinion- would you more likely buy a king bedroom set with mattress and box spring for $1000 or without for $600-800? Keep in mind this is craigslist and everything is always used. I appreciate your opinion.
Answer
I am sitting on a king mattress I bought off craigslist.
I am sitting on a king mattress I bought off craigslist.
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