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Old 02-07-2013, 12:18 PM
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TheGoodLife TheGoodLife is offline
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Join Date: Feb 2012
Location: Midwest
Posts: 1,368
Smile Question About Claiming Garage Sale Purchases For Taxes

Can anyone help me as to how to keep records of purchases made at garage sales? I bought a LOT of items (toys and some furniture) right before I started-up. Since garage sales are usually done only in cash, can I just show record of the cash withdraws I made so I can claim for taxes this year? Or am I out of claiming these purchases? Thanks in advance!
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Old 02-07-2013, 01:40 PM
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TomCopeland TomCopeland is offline
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Location: St. Paul, Minnesota
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Default Garage sale

You certainly can deduct expenses for items purchased at garage sales. Write a note that contains: date of purchase, item purchased, cost of item, address where purchased. Then take a picture of it for your files.

Join me for a webinar “2012 Tax Changes: How to Avoid Mistakes on Your Tax Return” Tuesday, February 12th at 8:30-10:00pm Eastern Time. The cost is $25 (100% tax deductible!). To register:
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