Montag2001us 2007-12-20 16:19:26
I have donated my deceased grandmothers hearing aids and need to
figure out the value for tax purposes. The place I donated to would
not value the aids. They were 3 year old digital ITE’s that she paid
$6000 for. Any ideas?
Thos. jefferso 2007-12-20 16:20:45
For custom aids, the value is zero. They cannot be reused.
Oohrah! 2007-12-20 16:20:48
That’s an inaccurate answer, offered by someone who sells new aids.
The value of *anything* is what someone else is willing to pay for it. Find
similar aids that sold on ebay, print the pages and average the numbers, and
use that average on your tax return. Totally defensible.
Re-use is another point. There are shops that will pull apart those old aids
and repackage the key ingredients (mic, receiver, chipset, etc.) into a new
ITE, etc., aid in a new earmold. Since a digital aid from the maker costs
the audiologist about $1000-1100, and the rework might cost $200-250, it can
be worth the effort.
Thos. jefferso 2007-12-20 16:25:34
You are a very low class individual.
Odd for an engineer or a marine, both of whom tend to be more respectable.
Hle 2007-12-22 14:19:28
Your inaccurate answer was shown to be embarrassingly indefensible,
evidenced by your silly ad hominem attack. Such self-serving misinformation
is odd for a professional, even for Ridenhour.
Rnf2 2007-12-22 14:19:32
What is custom is the case. a new custom molded case to fit the new users
ear would cost one h*** of a lot less than the electronics of the aid.
taking electronics form an old ITE and fitting them to a new case would cost
a lot less than a brand new ITE from the manufacturor
Sordo 2007-12-22 14:19:35
He has been a narcissistic a****** who has been alienating people
here for years. Why people put up with him is a mystery to me.
Thos. jefferso 2007-12-22 14:19:37
True, but a query to the IRS would give the answer I did. He asked about its
value as a tax deduction.
Thos. jefferso 2007-12-22 14:19:39
Ah, John Fuller crawls from beneath his rock spewing his hateful prose.
Merry Christmas to you, too, Sordo/JohnFuller.
Thos. jefferso 2007-12-22 14:19:44
Nonsense. Don’t worry, your silliness will go away with a little more age.
It’s difficult to for you be a child, isn’t it?
You’ll grow out of it.
Mike 2008-01-24 13:50:36
email@example.com (jp) writes:
1. They aren’t worthless.
2. Regardless of what the inflated egos say, the
industry is loaded with large markup upon large
markup which does reduce the value of these aids.
A pair of refurbished digitals (based on 90 day returns)
can roll out of the manufacturer at under $1000 and
that number is known to the IRS. (My first analogs
were refurbs from turn-ins that some one else
Propose this to your tax preparer: Figure that the
internal electronics were worth $500 per aid when
new and have a 5 year life. Using straight line
depreciation the “salvage value” is $ 200 each.
Assuming that the recipient was charitable/non-profit
the IRS probably wouldn’t argue with a $ 400
charitable deduction. You might consider a higher
valuation on the electronics but stretching the
economic life probably won’t sell.
Keep the original receipt showing $ 6000 as the new
price–claim less than 1/10 of that and you should do
OK–even if your return has lots of other “trip-wires.”
— mikeellison3xxxatzzzyahoo.com —
Mike 2008-01-24 13:50:39
In <firstname.lastname@example.org>, Sordo
Hmmm, thanks for the clue. As a newcomer, I
hadn’t formed an opinion. Let’s see, I just hit
the Shift+K combination and it’s, “hello blockfile.”
— mikeellison3xxxatzzzyahoo.com —
Thos. jefferso 2008-01-24 13:50:41
Nice try, Sordo/John Fuller, but I recognize your hateful malice.
Thos. jefferso 2008-01-24 13:50:44
These are three year old aids, which have no value. I fail to understand why
you would go to so much trouble to cause this fellow to risk a fine by the
Makes no sense, unless, as I have proved, you are actually Sordo/John
Fuller, a guy who loves to attempt character assassination.
And I thought it was only me you hate, turns out it’s the whole world.
Oohrah! 2008-01-24 13:50:48
It does not matter how old they are. What matters ethically and to the IRS
is their equivalent value in dollars — and “value” is what a buyer will
pay. If you can demonstrate that at the time of donation similar aids sold
for $500 on eBay, that’s the value for tax purposes and the IRS will be
happy with it.
Thos. jefferso 2008-01-24 13:50:58
False information. The aids have no value to a grandson, but only to the
If he can get $500 on EBay he should go for it.
Hle 2008-01-24 13:51:07
Sorry, Michael, you yet again persist in your ignorance.
1. IRS recognition of a donation’s fair market value is well-established;
the challenge is to arrive at a defensible number. Problems arise when an
appraiser picks numbers for a painting or antique, but *never* when market
value is determined at an equilibrium marketplace such as eBay.
2. The components within an aid can be repackaged, and probably should be if
the specs are suitable to a given application.
Thos. jefferso 2008-01-24 13:51:11
Wrong, wrong, wrong! Why do you persist in this stupid game? Your childish,
spiteful hatred of me forces you to lie to a man who only wants to do the
right thing. There is no tax deduction for the non-existent value of a 3
year old, used, custom hearing aid. Why do you think the responsible party,
the original dispensing clinic, refused to give him one? Many of us have
traveled down this road and know the facts. You and that classless Oprah!
(like his fellow nameless fraud, Sordo/John Fuller) are vengeful brats, only
wanting to spew your venom.
Go ahead, guys, give him poor advice. He will probably be okay.
Hope he isn’t audited!
You will not be there when he is and you will not have to ‘splain and pay
Frauds to the end.
Maybe he can show your infantile posts to the IRS.
Rnf2 2008-01-25 07:04:16
Simple answer to this question… ring the IRS helpline and ask the
operator, with a tape recorder playing, then do as the operator says, and if
the assesors/auditors of your tax return disagree play them the tape and let
them take it up with their own help line.
Sordo 2008-01-25 07:04:48
The pathetic paranoid sniveling and whining of an
outted narcissistic serial bully know-it-all.