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Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
281
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worth getting money out of appliances?

Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
Posted

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!

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Douglas Larson
  • Rental Property Investor
  • Salt Lake City, UT
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Douglas Larson
  • Rental Property Investor
  • Salt Lake City, UT
Replied

@Kenneth LaVoie

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.

  • Douglas Larson
  • Podcast Guest on Show #41
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