I've donated well over $10,000 in non-cash charitable donations while clearing out a family member's estate this past year. I am confused by the IRS definition of similar items. In my mind, clothing, furniture, books, small appliances, computer equipment, electronics so on and so forth would NOT be similar items. Some people are advising me all those items are considered household items therefore they would be considered similar items. Which is it?
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“Similar items of property” is defined to mean “property of the same generic category or type,” such as clothing, jewelry, furniture, electronic equipment, household appliances, or kitchenware.
The term “household items” includes furniture, furnishings, electronics, appliances, linens, and other similar items.
from IRS Tax Court ruling "Smith v. Commisioner"
Please feel free to post any additional details or questions in the comment section.
“Similar items of property” is defined to mean “property of the same generic category or type,” such as clothing, jewelry, furniture, electronic equipment, household appliances, or kitchenware.
The term “household items” includes furniture, furnishings, electronics, appliances, linens, and other similar items.
from IRS Tax Court ruling "Smith v. Commisioner"
Please feel free to post any additional details or questions in the comment section.
Can you provide the full citation for the Smith v. Commissioner case?
Thanks
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