Charitable Donation?

[WhiteOleander]

Client's mother passed away. Her mother owned most of the medical equipment that they used for her care. Bed, etc.

The company that they purchased it from said that if they gave them the equipment back, they could use it for people who cannot rent or buy the equipment themselves.

I know of no law that would allow this to be a tax deduction. .This is a private company. Not a charity.

But, I thought I would run it by all of you. Just in case there is some obscure law that would allow the deduction.

Thanks.

[Chief]

No

I would find a charitable organization to give it to. A profit company I would be suspicious of.

[Fuzzy Faced Leader]

I'm not sure there is a charitable deduction in either case. The equipment was owned by the mother, not the heirs. The basis of deduction would be the FMV at time of death. What is the equipment worth? Also, I'm not so sure the firm would just give away the equipment. I'd give it to Goodwill, or a hospital, or some non-profit that does just that.

[ChEAr$]

Not me

I'm not sure there is a charitable deduction in either case. The equipment was owned by the mother, not the heirs. The basis of deduction would be the FMV at time of death. What is the equipment worth? Also, I'm not so sure the firm would just give away the equipment. I'd give it to Goodwill, or a hospital, or some non-profit that does just that.

I would sell it. use the money for a vacation. which I think I need. already.

[Bees Knees]

I'm not sure there is a charitable deduction in either case. The equipment was owned by the mother, not the heirs. The basis of deduction would be the FMV at time of death. What is the equipment worth?

FMV at time of death is certainly going to be more than zero.

Take the equipment to Goodwill or some local charity that deals with medical equipment, and take a charitable contribution deduction for its FMV.

[WhiteOleander]

I told the daughter that it sounded kind of strange that the company wanted her to "give" them the equipment. How would she know that they used it only for the people unable to pay for the rental?

Anyway, daughter is going to donate it to Hospice.