Claiming Used Items

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11-22-2011 09:04 PM
KingstonMom

Claiming Used Items

i just saw a post with a similar question but I thought I would create a new topic to help others who may have my question.

I am a kijiji-aholic and buy almost nothing new. I started my daycare in April and I have bought 90% of my stuff used from yard sales or kijiji (or even free). The other 10% is stuff my son had been given that is used for daycare purposes (eg, his highchair, playpen, bumbo, toys, booster seat....again, these were all baby shower gifts I would not have reciepts for)

I know now that I should have written out reciepts by hand like where I bought an item from, address of the yard sale, or something, but I have nothing in paper!!

Do I guess on prices I paid if I cannot remember, or just state "yard sale, Kingston ON" if I cannot remember addresses of those yard sales?

Any idea on how I will be able to make some claims come tax time??

Many thanks ;P
11-23-2011 06:24 AM
Judy Trickett

I just make a note in my accounting ledger that I bought it and what I paid for it. Then at tax time I claim whatever I paid at the time.
11-23-2011 10:21 AM
Skysue

Quote:

Originally Posted by KingstonMom

i just saw a post with a similar question but I thought I would create a new topic to help others who may have my question.

I am a kijiji-aholic and buy almost nothing new. I started my daycare in April and I have bought 90% of my stuff used from yard sales or kijiji (or even free). The other 10% is stuff my son had been given that is used for daycare purposes (eg, his highchair, playpen, bumbo, toys, booster seat....again, these were all baby shower gifts I would not have reciepts for)

I know now that I should have written out reciepts by hand like where I bought an item from, address of the yard sale, or something, but I have nothing in paper!!

Do I guess on prices I paid if I cannot remember, or just state "yard sale, Kingston ON" if I cannot remember addresses of those yard sales?

Any idea on how I will be able to make some claims come tax time??

Many thanks ;P

I also make a copy of the ad then get the people to sign that I bought it from then and the date! Like ahand written recipt.