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Beauty and Fashion
Reply to "ISO advice - best way to max resell profit on brand clothing"
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[quote=Anonymous]PP here - I often wonder if tax donations is better. Am curious to see what others will say. You can google and get a guideline for how much you can deduct for various types of clothing. But, the gov't doesn't care about brands, so it's much lower per item than you might expect. Not recalling off hand, but I doubt any single piece would be more than $10. So you'd still have to document everything (5 shirts, 10 skirts, 2 suits, etc), but less burdensome. I think cosigning gets you the cash in hand, and is probably your best bet. But I would lower expectations a little. Years ago I used Secondi in Dupont - they gave a pretty good rate. [/quote]
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