It’s Outta Here

“The best deals are when we’re chosen as the regular liquidator, and the cataloger sends to us goods every month or so,” says Finn.

10. Donate the items to charity. Under U.S. Internal Revenue Code 170(e)(3), companies may deduct the cost of inventory donated to charitable organizations such as schools and nonprofit organizations. According to the National Association for the Exchange of Industrial Resources (NAEIR), a non-profit group, donors may deduct cost as carried on their books, plus half the difference between cost (basis) and the fair market value of the goods. But the deduction may not exceed twice the cost.