Damn good idea. And may make me reconsider my suggestion...
I guess it would still be tax deductible?
I guess it would still be tax deductible?
jryoung
Well-known member
To the extent the donation exceeded FMV of the rifle so about a $500 deductible donation.
Well drat...
One auction tags like the Governor's tag, are they deductible over the amount of 'regular' tag? A tag in the draw is $1K and they buy it for $100K, does that equal a $99K deductible?
jryoung
Well-known member
Not sure how they establish a FMV as they are unique tags. To me, the established FMV would be the historical auction price for a given tag since that is the only market for it. But, there may be rules in place that I'm not aware of.
If there was a very large deductible amount you get into a situation where there are various limitations put in place on charitable contributions and if those don't get you the phase out rules of itemized deductions will likely get you.
Just another tax break for the rich, not
bobbydean
Well-known member
That is a great deal. I am too old to require that nice of a rifle. Great job of thinking out of the box!
B
big28hunter
Guest
Ended up with a .280 ai. Brought it from a dealer on Gunsamerica. Much better deal than the local Cabelas. Thank you all for your input! Good huntin'
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