Quote:
Originally Posted by M2inOR
Down here in Marsh Bend, we had two: the 1st one was the first one I ever had. Joined a few neighbors to conduct one. Even better was that another neighbor organized it, and even took care of selling my stuff. We raised over $1,000 and donated the proceeds to the local middle/high school track team, and got an actual receipt for tax purposes.
Repeated with a 2nd one a few months ago with 15 other neighbors, and all did very well. What I didn't sell of my own stuff, I donated to Goodwill.
A a neighborhood group we were all quite satisfied with the results.
I had a nice Thomasville Bunk bed set that didn't get any interest at that 2nd sale, but did sell afterwards using a next door sale listing.
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I doubt the receipt for the donation has any tax benefits with the increased standard tax deduction.