Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago on . Most recent reply

worth getting money out of appliances?
Currently, when I need to replace an appliance, there's a local place that will set us up with a "gone over" used appliance with a 6month warrantee and dispose of the old one for $10. I've never been one to turn in scrap metal or spend time getting creative. I'd rather pay $10 to get rid of something than spend two hours and maybe sell it or scrap it for $30. That being said, am I missing something? Is there a BETTER way to maybe "harvest" a few bucks from a refrigerator or stove rather than just let the appliance company whisk it away?? Thanks!
Most Popular Reply

If there is a Non-profit company in your area that will pick up used appliances (like Big brothers/Big sisters or GoodWill) you can "harvest a few bucks" on your taxes. Uncle Sam won't let you deduct full retail but it can easily be a hundred bucks per appliance or more and you are helping good causes. The one stipulation is that the appliances must be working.