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1337haxor · 03-12-2004, 06:23 PM

Hey,
I am currently a college student about to go on co-op in September. For those who do not know what co-op is, its where I take 6 months out of the school year to work full time. It is a pretty neat program my school has. Anyways, when I start work I'd probably be making 20k in 6 months. What I was thinking of doing was during or after that 6 months of working, I could donate some stuff to a non profit club at my school. This is a computer club that refurbishes computers and runs free hosting for student organizations. What I'd be donating is worth over $1,000. Now I didn't pay for this, but I own it. Would this work in my advantage? How much would be deducted from taxes? Would this work at all since I didn't pay for what I plan on donating?

Thanks,
Robert

03-12-2004, 06:23 PM	#1 (permalink)
1337haxor Insane Location: PA	big tax deduction from a donation? Hey, I am currently a college student about to go on co-op in September. For those who do not know what co-op is, its where I take 6 months out of the school year to work full time. It is a pretty neat program my school has. Anyways, when I start work I'd probably be making 20k in 6 months. What I was thinking of doing was during or after that 6 months of working, I could donate some stuff to a non profit club at my school. This is a computer club that refurbishes computers and runs free hosting for student organizations. What I'd be donating is worth over $1,000. Now I didn't pay for this, but I own it. Would this work in my advantage? How much would be deducted from taxes? Would this work at all since I didn't pay for what I plan on donating? Thanks, Robert