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What to Do With My Dad's HO Train Layout?

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  • Member since
    February 2008
  • 327 posts
Posted by AEP528 on Wednesday, May 15, 2024 7:27 AM

dknelson

True this puts no money in the surviving family's pockets (although if the Division is a 501c3 there might be a tax deduction for the donation provided a fair value that the IRS won't challenge can be arrived at.  

It's not worth the effort to get donation values. According to the IRS, nearly 90% of filers only qualify for the standard deduction, and most of the people who itemize are very high earners.

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