Unfortunately, probably not tax deductible, since the buyer will be receiving merchandise equal in value to the amount paid. So there's no donation to the scholarship fund. But if people want to take the opportunity to add another check to the envelope, above and beyond the purchase price, that would be deductible.
To: [email protected] Date: Sun, 17 Oct 2010 17:24:54 -0400 From: [email protected] Subject: [Drakelist] Drake equipment FS, tax deductable! Fellow Drake enthusiasts, In the weeks ahead I'm going to be offering for sale some Drake equipment and possibly some accessories and parts. This equipment will be offered via the Drakelist and the Drake and Antique Tube Gear Net and, depending on your income tax situation, purchase of the items might be tax deductable. How can that be? Well, the equipment will be sold to fund the Challenge Met Scholarship that is administered by the ARRL. This scholarship is exclusively for ham students with physical and/or learning disabilities. Any items that I will be selling related to this endeavor must be paid for via check or money order made out to the scholarship, not me. Hence, it might be considered a taxable deduction depending on your tax status. I'm not an expert in this area, you'll have to contact your accountant or attorney. As a side note, you can contribute to this worthwhile scholarship directly outside the sale of the Drake gear that I will be listing. It will go to a very good cause. 73, Evan, K9SQG _______________________________________________ Drakelist mailing list [email protected] http://mailman.zerobeat.net/mailman/listinfo/drakelist
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