15 Jul
2024
15 Jul
'24
12:58 a.m.
The estate should just have given the collection or parts of it directly to the charities
if the charities were equipped to
dispose of it.
Sent from my iPhone
On Jul 14, 2024, at 17:56, Wayne S
<wayne.sudol(a)hotmail.com> wrote:
Yes, but you still have to do the paperwork. Declare the revenue you got for it and then
the paperwork from the charity acknowledging they received it and it’s value. PITA
Sent from my iPhone
> On Jul 14, 2024, at 17:12, Bill Gunshannon via cctalk <cctalk(a)classiccmp.org>
wrote:
>
>
>
>>> On 7/14/2024 7:14 PM, Wayne S via cctalk wrote:
>> Trying to compare a billionaire’s estate collection with people like us is
futile. Most of us collectors will die and our collection wont be of interest to the IRS
because it won’t amount to much. Pauls collection, on the other hand, will be of interest
simply because he called out what to do with it when he dies (sell and proceeds to
charity) and he’s a billionaire so they look very closely at estate where there could be
significant tax revenue.
>
> There is probably no tax revenue if it all really goes to charity.
>
> bill
>