Bargain Sale

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Bargain Sale

The sale of an asset for less than fair market value with the intent of making a charitable contribution. For example, a grocery store may make a bargain sale if it sells food to a homeless shelter for $5,000 when it is worth $15,000. In this case, the grocery store may take a tax deduction for $10,000 (the difference between the sale price and the market value).

References in periodicals archive ?

This requirement precludes any deduction for the "free use" of the property prior to or in connection with the bargain sale. Therefore, a rent-free use of real or personal property does not augment the bargain sales transaction any more than a contribution of personal services by the taxpayer.

Chapter 10: bargain sale transactions

The company blamed difficult comparisons against a prior-year month that featured special bargain sales as well as warm weather, which inhibited sales of winter clothing.

IRCJ may purchase share in Daiei

This period scene is from April 1933 and the cars appear to be largely the same make - and just about all black tooBut ``leisure'' after the war, as consumerism grew, also meant bargain sales - like this one, below, in an unnamed Wrexham store, July 1963

The Heritage Collection

Under a system developed by Mobilecast Inc., messages from shops, such as one saying they are holding bargain sales, pop up in the vehicle's in-car display if it travels in a certain zone where wireless LANs are established.

FOCUS: ITS World Congress to showcase futuristic transport systems

The bargain sales are available until May 15 for travel during different time periods between April 20 and December 10.

BA cuts prices as confidence returns

Their childhoods are being wrested away from them under the guise of purchasing power and bargain sales. My children have been more protected than their cousins and friends growing up in America, but the army of the global economy is moving rapidly, and it will not be long before Asia is also occupied territory.

Don't put aside childish ways: an American living in India offers her unique perspective on parenting and the spiritual challenges of consumerism

1011 rule applied to bargain sales to charity (under which the basis of bargain-sale property is allocated ratably between the gift portion and the sale portion, based on the FMV on the date of transfer and the consideration paid).

Significant recent developments in estate planning

But the bargain sales have left thousands of new and existing customers hanging on the telephone.

Phone sales boom sparks line chaos

"My husband's salary has been cut little by little for some time, so I buy things in bargain sales. I am worried about the future."

Road to future paved with uncertainties; From Hong Long, Dirk Beverage gathers opinions on the present standing of 'The Asia Crisis'

Such SOE bargain sales are a clear sign of the triumph of harsh market reality over the planned economy.

China tries to sell unwanted companies to trim state sector

Hilley's is holding bargain sales on inventory items that Eckerd does not want, while Eckerd is reportedly leasing the real estate the stores sit on from Hilley's.

Eckerd buys Hilley's in Texas

In between, you'll always find one floor for special events like bargain sales and trade fair, and one or two floors of restaurants--from noodle parlors and sushi bars to French pastry shops.