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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Michael M who wrote (70888)1/5/2000 12:41:00 PM
From: epicure  Read Replies (2) | Respond to of 108807
 
The punishment is based on the value of the theft item before being stolen- it is NOT based on the fenced value.



To: Michael M who wrote (70888)1/5/2000 12:50:00 PM
From: Lizzie Tudor  Respond to of 108807
 
All I know is that I cannot write off a charitable deduction for the amt I paid for an item.

A 286 non-working PC which I paid $5K in 1990 is not worth 5K as a deduction, is my belief. In fact, the IRS publishes guidelines for what something is worth, and I believe those guidelines are based on the current "net worth" - same with cars, blue book value etc. - not what you paid.


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