Can I Claim Yard Sale Purchases With No Receipt?

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  • Nickel
    Daycare.com Member
    • Jul 2012
    • 615

    Can I Claim Yard Sale Purchases With No Receipt?

    So im preparing to.open my hdc in aug and in anticipation i have been purchasing items for it. Like toys puzzles books furniture baby swings, etc. But ive been buying them off craigslist, swap sites, or yard sales. And of course i didnt ask for receipts because i completely forgot about it. Can i claim these items on my taxes? Is there a certain amt i can claim and not need a receipt? Can i maybe print off coorespondence between myself and the seller to verify? But then what about the uard sale stuff? Ive spent close to $200 already so advice would be appreciated. In the future should i just buy a receipt book and ask them to.sign it?
    Thanks i appreciate the help
  • Truly Scrumptious
    Daycare.com Member
    • Jun 2012
    • 211

    #2
    I do try and remember to ask for a receipt....if you used a check, then of course you can use that as a receipt.
    I was told years ago by H&R Block that as long as the purchase is not over $100 then you could make your own receipt. But, I never did check to see if that was correct or not. I would ask Tom Copeland.

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    • MyAngels
      Member
      • Aug 2010
      • 4217

      #3
      Yes you can claim those types of purchases. For yard sale type things I have a small notebook that I keep in my car that I keep the mileage information for my trips, and I make a note of the address, what I bought and what I paid for it. If the seller will sign it all the better, but a lot of times they won't. If it's a larger purchase (like over $20) I will take a digital photo of the item and name it with the purchase date, address and amount paid on my computer in my tax file.

      Comment

      • Nickel
        Daycare.com Member
        • Jul 2012
        • 615

        #4
        Good to know. Im going to take pictures of the stuff i bought and then log itin a notebook. And from now on ill just take a receiptbook with me. Thanks

        Comment

        • Lil_Angels
          New Daycare.com Member
          • Feb 2011
          • 11

          #5
          Sounds sufficient

          I think those logs your making sound good. You're being pretty smart about it.

          Comment

          • TomCopeland
            Business Author/Trainer
            • Jun 2010
            • 3062

            #6
            Yard sale

            Here's an article I wrote: "How to Keep Records for Craigslist and Yard Sale Purchases." http://www.tomcopelandblog.com/2011/...purchases.html
            http://www.tomcopelandblog.com

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