Question: Clarence is a packrat. He has clothes from when he was in high school some 20 years ago that he never wears. He also has

Clarence is a packrat. He has clothes from when he was in high school some 20 years ago that he never wears. He also has household items that have accumulated over the past 15 years. Some of these household items have not been used by Clarence in years and he is not sure if they even work. Clarence is buying a new home and wants to clean out his closets before he moves into his new house. He would like to give all his old clothes and household items to local charities. What restrictions apply to charitable deductions of old clothes and household items?

Step by Step Solution

3.44 Rating (186 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Deductions for charitable contributions of clothing or hous... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

584-L-B-L-T-L (1251).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!