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Originally Posted by pearlieq
If it's new with tags (less than 1 yr old) you could probably still deduct the store value, but you'd need to be able to back up your claim if it were ever questioned.
For everything else, it's thrift store value--what would they be selling it for at the Goodwill.
I will admit, I'm a garage sale haggler even though I'm not needy. I always thought that was an accepted thing for garage sales. Very few people turn down my offer!
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I've gone to plenty of thrift shops in my life, and see plenty of current fashions in them, but I've never seen any article of clothing having the RETAIL price, so I do not think that this is accurate information.
If you have something with a really good label, which is in current fashion, purchased within the the last three years, has NO stains, NO rips, is not worn out -- you can try taking it to a consignment shop.
It the article originally retailed at 24 bucks, they will probably price it around 8 bucks, and your cut would be around 3. IF it sells