Archived posting to the Leica Users Group, 2015/01/08
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Here I can rent a small climate-controlled warehouse space for $100/month (probably $10,000/month in CA) and bury stuff until I really really have to deal with it. Money well spent at times. Do you have any galleries where you can consign the work? Regarding the charitable part, tax-exempt hospitals (IRC ?501(c)(3)) would probably really like to have landscape work. It would be for a good purpose, exposure for your work and a windfall for the hospital. Maybe a few pieces each year donated to avoid the devaluation issue? Ken On 1/8/2015 5:01 PM, Robert Adler wrote: > Thanks Tina and all. Still struggling, but all the varied answers are > helpful. > I'm not really trying to make any money, but don't want to loose any either > or devalue the work by either giving it away (when others have paid) or > defacing it before taking to the dump. > > Most the frames are floating frames made for each image: different sizes, > etc. I'm still considering storage somewhere... somewhere... > Thanks again. Other suggestions welcome of course. > Best, > Bob > > On Thu, Jan 8, 2015 at 2:26 PM, Tina Manley <tmanley at gmail.com> wrote: > >> Most of the work that I have donated to charities has been as photographic >> work for them to use in fund-raising. The way I get around the tax >> donation is to charge them my normal rates for the work and then turn >> around and donate that much back to them. None of the charities I've >> worked with has had a problem with this. I don't know if you could work >> something out like that for print donations, but it might be worth >> investigating. >> >> Tina >> >> On Thu, Jan 8, 2015 at 3:19 PM, Ken Carney <kcarney1 at cox.net> wrote: >> >>> That's correct. Under ?170(e), IRC, the fair market value must be >> reduced >>> by any ordinary income that would be recognized on a sale. In other >> words, >>> for all practical purposes donations of self-created art are limited to >>> cost of producing it. It gets worse. If the item is not self-created, >> and >>> is not donated "for the use of" the charity, then the deduction is >> reduced >>> by any gain that would be recognized. So if you donate the Picasso to a >>> charity for the purpose of the charity selling it, your deduction is >>> limited to your cost. And if the appraisal rules kick in, they apply to >>> the total of similar items donated, not each individual item. >>> >>> It gets worse. Suppose you are a really gifted photographer and you >>> create a photo worth, oh I don't know, say $6.5 million and hang on to >> it. >>> You have probably created a death tax liability of 40% of that. Enough >> for >>> one day. >>> >>> Ken >>> >>> >>> On 1/8/2015 1:18 PM, Wilbur Norman wrote: >>> >>>> In regards to Tina's comment: >>>> >>>> I believe the deductions she is referring to are for items NOT CREATED >> BY >>>> THE PERSON who is making the donation. So, if you donate a Picasso, you >> get >>>> a Fair Market Value. For items created by the artist donating, its >> another >>>> ball of wax. >>>> >>>> And, I believe the ceiling for NOT getting an appraisal is $5000 as >>>> amended in the Pension Law some years ago (seems odd but thise folks in >> DC >>>> add non-related items to laws all the time.) >>>> >>>> >>>> Wilbur >>>> >>>> >>>> >>>> >>>> ************* >>>> >>>> On Jan 8, 2015, at 12:02 PM, Susan Ryan wrote: >>>> >>>> Can you take a tax deduction for a charitable donation? If so, how do >>>>> you choose a dollar value of the photos donated? >>>>> >>>>> Thanks, >>>>> Sue >>>>> >>>>> Sent from my iPhone >>>>> >>>>> On Jan 8, 2015, at 11:50 AM, Tina Manley <tmanley at gmail.com> >>>>> wrote: >>>>>> That's probably the best solution - donate to charity auctions. I've >>>>>> done >>>>>> that quite a bit and it's always appreciated. >>>>>> >>>>>> Tina >>>>>> >>>>>> On Thu, Jan 8, 2015 at 1:49 PM, Doug Herr < >> wildlightphoto at earthlink.net >>>>>> wrote: >>>>>> >>>>>> Donate to charity auctions? >>>>>>> Doug Herr >>>>>>> Orangevale, Sacramento County >>>>>>> http://www.wildlightphoto.com >>>>>>> http://doug-herr.fineartamerica.com >>>>>>> >>>>>>> >>>>>>> -----Original Message----- >>>>>>> >>>>>>>> From: Robert Adler <rgacpa at gmail.com> >>>>>>>> Sent: Jan 8, 2015 10:07 AM >>>>>>>> To: Leica Users Group <lug at leica-users.org> >>>>>>>> Subject: [Leica] OT: What would you do? >>>>>>>> >>>>>>>> I have a dilema. I'm moving back into my old home and clearing out >> 25+ >>>>>>>> years of "stuff", Clean sweep. >>>>>>>> >>>>>>>> I know some of you have been through this recently >>>>>>>> (George/Tina/etc.). I >>>>>>>> have a ton of framed prints that haven't sold at galleries/coffee >>>>>>>> shops, >>>>>>>> but that doesn't mean they aren't lovely (IMO). >>>>>>>> >>>>>>>> They are custom framed and mounted. Archival. The works. I don't >> want >>>>>>>> to >>>>>>>> give them away (I think that devalues all art), and I don't want to >>>>>>>> pack >>>>>>>> and ship them to folks. >>>>>>>> >>>>>>>> Please PLEASE suggestions? The dump just seems wrong.. >>>>>>>> Thanks! >>>>>>>> -- >>>>>>>> Bob Adler >>>>>>>> www.robertadlerphotography.com >>>>>>>> >>>>>>>> _______________________________________________ >>>>>>>> Leica Users Group. >>>>>>>> See http://leica-users.org/mailman/listinfo/lug for more >> information >>>>>>> _______________________________________________ >>>>>>> Leica Users Group. >>>>>>> See http://leica-users.org/mailman/listinfo/lug for more information >>>>>>> >>>>>> >>>>>> -- >>>>>> Tina Manley >>>>>> www.tinamanley.com >>>>>> tina-manley.artistwebsites.com >>>>>> http://www.alamy.com/stock-photography/3B49552F-90A0- >>>>>> 4D0A-A11D-2175C937AA91/Tina+Manley.html >>>>>> >>>>>> _______________________________________________ >>>>>> Leica Users Group. >>>>>> See http://leica-users.org/mailman/listinfo/lug for more information >>>>>> >>>>> _______________________________________________ >>>>> Leica Users Group. >>>>> See http://leica-users.org/mailman/listinfo/lug for more information >>>>> >>>> _______________________________________________ >>>> Leica Users Group. >>>> See http://leica-users.org/mailman/listinfo/lug for more information >>>> >>> >>> _______________________________________________ >>> Leica Users Group. >>> See http://leica-users.org/mailman/listinfo/lug for more information >>> >> >> >> -- >> Tina Manley >> www.tinamanley.com >> tina-manley.artistwebsites.com >> >> http://www.alamy.com/stock-photography/3B49552F-90A0-4D0A-A11D-2175C937AA91/Tina+Manley.html >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information >> > >