Subject: | |
From: | |
Reply To: | |
Date: | Sat, 22 Apr 2000 11:44:39 -0700 |
Content-Type: | text/plain |
Parts/Attachments: |
|
|
Re:
> I'm not sure where you're located, but a few years ago,
> I faced the same problem with a 42. Couldn't sell it, even for parts, and my
> scotch soul wouldn't let me pitch it. Ended up donating it to a local Indian
> school, who used it to teach cobol programming and electronic repair-type
> stuff. The company took a pretty fair tax break, as I recall,
As for tax breaks...remember that you can only deduct the fair market
value ... which for a 42 or a 925 is nearly 0 :(
We weren't able to find a school to take our 44 some years ago...
and this was before I got into collecting old computers ... but
we found a third party reseller who could use it (and was willing
to pick it up for no charge.
The reason I mention the fair market value is that I've recently
had a couple of encounters with people who don't understand that
the price they paid for their computers has nothing to do with
their current value ... or the amount of a legitimate deduction :(
One guy had an IBM 5100 with APL ... which I'd love to get ...
but insisted it was worth $10,000, and if he couldn't sell it
for that he'd donate it somewhere and get a $10,000 deduction.
Hope he doesn't get audited ... or do I? :)
SS
Stan Sieler [log in to unmask]
www.allegro.com/sieler/wanted/index.html www.allegro.com/sieler
|
|
|