Archived posting to the Leica Users Group, 1999/12/02
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Eric Welch wrote: > 13. Donate the dead horse to a recognized charity, thereby > deducting its full original cost. Sorry, Eric. Fair market value for the dead horse, unless it's worth more dead than when it was originally purchased. If it was held short term, then FMV-gain if it might have been sold at FMV (basically, original cost); if long term, then FMV unless the charity puts it to an unrelated use, like selling it to the knacker's yard--back to original cost less depreciation. No free rides on a dead horse ;) ... - -Mike