Six year old furnace

[Dorkus]

I am getting a furnace placed next week, the current one works fine and was installed in May of 2018. It is a long story as to why I am replacing it but the fact is it works fine and there is nothing wrong with it.

My question is, should I keep it and try to sell it or is it not worth my time? I am not sure if it has any value so wanted to ask you smart guys/gals.

 

[CHenry]

I am getting a furnace placed next week, the current one works fine and was installed in May of 2018. It is a long story as to why I am replacing it but the fact is it works fine and there is nothing wrong with it.

My question is, should I keep it and try to sell it or is it not worth my time? I am not sure if it has any value so wanted to ask you smart guys/gals.

Donate it to Habitat for Humanity.

 

[Dorkus]

Donate it to Habitat for Humanity.

Great idea, didn’t think of that.

 

[CHenry]

Great idea, didn’t think of that.

If you itemize taxes, thats a huge write off I would think.

 

[CHenry]

If you itemize taxes, thats a huge write off I would think.

IIRC, the tax savings on donations is 10 cents on the dollar so if you estimate its worth for say, $2000, you'll only save $200 on taxes but thats better than a poke in the eye.

 

[ForsakenConservative]

FWIW, years ago I got hold of an electric furnace pulled out of a trailer home being demolished. I wired it up dual-branch with 6 gauge SO cord to two 50Amp welding outlets in my shop for winter heat. Put an old mercury switch thermostat on it’s side, mounted it on a furniture dolly and roll it out/plug it in as necessary. I only run it to keep about 50 degrees max (had to tilt the thermostat sideways to go that low) but it keeps things from freezing and makes for comfortable & dry winter car repairs.
Someone might need it

 

[SoonerP226]

IIRC, the tax savings on donations is 10 cents on the dollar so if you estimate its worth for say, $2000, you'll only save $200 on taxes but thats better than a poke in the eye.

With the standard deduction now being $12.6K for single, unmarried, it takes a lot of itemizing for those donations to come into play.

 

[CHenry]

With the standard deduction now being $12.6K for single, unmarried, it takes a lot of itemizing for those donations to come into play.

For the 2024 tax year, I think that SD has been **** in half. But I'm not sure of that.

 

[Buck98]

IIRC, the tax savings on donations is 10 cents on the dollar so if you estimate its worth for say, $2000, you'll only save $200 on taxes but thats better than a poke in the eye.

With a sharp stick!!

 

[turkeyrun]

Yes, it can be used, donated or sold.

Anyone with rent houses would be interested.