You should actually be able to use the loss as a tax write-off. Also, you may be able to adjust for inflation to increase the size of that loss. The difficulty will be determining the initial purchase price of the items. HiFi gear often depreciates like a new car. Definitely speak with your tax guy/gal.
SELLING IT ALL
Hi, all: I am in East Texas. My husband has so much equipment I can’t even spreadsheet it all. He is now in a nursing home with dementia and will not be coming home. I want to sell all the equipment, and am a motivated seller. Some of the brands: Marantz, Bryston, Linn Klout, Linn Kairn, Linn Magic, Linn Keil, Parasound, Theil, Klipsch, Polk Audio, Cambridge, Audio Research. Then lower end stuff like Sony, Yamaha, Onkyo, Teac, etc. Miles of cables/interconnects (Audio Magic, Audio Quest, Toslink, and others -- hard to inventory. Best ones are not on this list because they are behind equipment.) Lots of power wedges. DACs, power conditioners, and misc. other stuff like racks.
it.
it.
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- 105 posts total
- 105 posts total