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Old 25 June 2021, 03:19 PM   #1
attakhansmarty
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Can you write off a Rolex?
Even if Rolex was a qualifying charitable organization, you wouldn't be able to deduct the purchase price of the watch. ... In the case of Rolex, if you buy a watch for $10,000 at retail, the fair market value of that watch is considered $10,000, and you receive no deduction.
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