Yes, you’re fine in selling the item.
Just FYI, though – in a charity auction situation, you’re only allowed to deduct the amount you paid that is in excess of the fair market value of your purchase.
If your purchase was made for equal to or less than the fair market value, no deduction is allowable.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
