Anyone know about charitable donations 'carry over' rule with he IRS?

I'm reading it as; you can deduct up to 50% of your Adjusted Gross Income (AGI).  If I donate goods equaling >50% of my AGI, I can carry over donation value into following year.

So in 2011 I made $100,000.   I allowed to deduct up to $50,000 in donations.
I donate $75,000 in goods.  So I write off $50k on 2011 taxes.  Then 'carry forward' $25,000 to write off on 2012 taxes?

And donations can be deducted anytime ("carried over") in any of the following five years?

Where did everybody go?

It's always like this.   Everyone out earning.  Then a week or two of heavy posting.....then back out grinding.   


I suspect the Super Bowl had a small part to do with it this weekend......

All the standard: birth/marriage/death certs. Tax info. Ect....

Also pictures (take out of album if you want it).  Cards (body, Xmas....). 
Don't have to but trophy's, awards,  things like wedding glasses etched with name.

Pretty liberal and fair on what's considered "personal"......it you think it may be sentimental, personal.
Sentimental but spendy and you can sell....suddenly not so personal.   

I think sex toys are pretty dang personal, they don't.

Since taxes are on our mind and we all have plenty to donate......

TurboTax Free ItsDeductible tracker:

http://turbotax.intuit.com/personal-taxes/itsdeductible/
(Great tool!  Estimates values higher than I suspected. One of the few calculators where you can add items not on list and add own Fair Market Value (FMV) from other sources; like eBay. Prints itemized list or imports straight to tax forms)

Salvation Army's Value Guide

http://www.use.salvationarmy.org/use/www_usn20.nsf/vw-text-dynamic-arrays/33CE09196410A2148825770B0054FF7A?openDocument&charset=utf-8

IRS Guidelines

http://www.irs.gov/pub/irs-pdf/p561.pdf

My taxes were so easy and basic this year I've already done them. 

Gonna have to be diligent thru 2013 with records tho.  Paying own health insurance and have a surgery scheduled.  Have to keep track of mileage, co-pays, Rx's.....

If I'm going to itemize I'll keep all my receipts for sales tax and donations.

Time to start researching 2013 tax law.

 I avoid Saturday auctions.  To many people have free time.
And why would a facility do a Saturday auction? Knowing they wll get a huge crowd?
To get the newbies because he lookers are junk?  Or drive up prices? 
Bet it was heavily advertised too........

I like the Monday morning at 7am and not advertised.

Mostly do downtown units so not many cars stored in facilities.   Some scooters and motorcycles.

Top: 1972 convertible Stingray.  Straight with bad top and paint.

Runner up:  Amatuer circuit stock car.  Lots of parts. Pretty rough, not pretty. But cool car.

I have left visable fingerprints on the sticky side of packing tape.

I always smear those or put tape on my fingers.  lol


......and always wipe my prints from guns.