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Jdurgi |
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Regular
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Reged: 09/21/03
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Posts: 1009
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Loc: NEW England, CT
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Re: DU Update: No good deed goes unpunished
01/30/13 10:58 AM
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> Would it be easier if someone outside of the USA were the one taking donations?
I'm guessing that could be possible, but would likely also introduce a whole bunch of other problems. (I'm not a tax/financial expert myself). The IRS will do whatever they can to get as much money from you as possible. Last year, I got laid-off and received a nice severance check which was taxed as "supplemental income" meaning a LOT of money was taken out. On my W2, it was added in as my "normal" income for the year. I'm not sure if that is a good thing, or a bad thing, but my refund for the year is nowhere close to what I thought it was.
Now for your situation Smitty, how were the boards you bought last year acquired? If you purchased them off of e-bay, or some other auction site, I'm sure you would be able to get that information from those sites for the past year. The sales would be tough, but I don't think those would be of any concern for you since it's the losses that you will need to account for. Yes, this will be time consuming, but the extra effort needed to record this information is likely worth it considering the situation you are in.
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I am just a worthless liar.
I am just an imbecile.
I will only complicate you.
Trust in me and fall as well.
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