This year I downsized from a house to apartment. We donated a huge amount of stuff; all our rooms of furniture, broad amounts of clothing, small appliances, books, etc. This was also the year I have a severe drop in taxable income due to full retirement.
Understanding that the IRS flags on ratio of deductions to taxable income as well as the $500/$5000 thresholds for reporting requirements, what would be the best approach; claim some, none, or all the items knowing they are say $10000 valued all considered? (No appraisals done as no specific item was particularly valuable)
