2. misc-audio
  3. 168995-110015

SELLING IT ALL

Hi, all: I am in East Texas. My husband has so much equipment I can’t even spreadsheet it all. He is now in a nursing home with dementia and will not be coming home. I want to sell all the equipment, and am a motivated seller. Some of the brands: Marantz, Bryston, Linn Klout, Linn Kairn, Linn Magic, Linn Keil, Parasound, Theil, Klipsch, Polk Audio, Cambridge, Audio Research. Then lower end stuff like Sony, Yamaha, Onkyo, Teac, etc. Miles of cables/interconnects (Audio Magic, Audio Quest, Toslink, and others -- hard to inventory. Best ones are not on this list because they are behind equipment.) Lots of power wedges. DACs, power conditioners, and misc. other stuff like racks.
it.
bastereo

Showing 2 responses by classdstreamer

classdstreamer's avatar
classdstreamer
174 posts
 
Hello, 

In cases like this, you most likely want a convenient cash sale. You should strongly consider selling the entire package to The Music Room. https://tmraudio.com/

In one transaction, you will be done. Just like trading in your car, you won't be getting full market price as if you had sold it yourself, but you also won't be spending all of your free time selling equipment. The Music Room will need to have leave a margin for themselves to profit (they will be reselling the equipment), but this is about convenience for you vs a headache. 
classdstreamer's avatar
classdstreamer
174 posts
 
You should actually be able to use the loss as a tax write-off. Also, you may be able to adjust for inflation to increase the size of that loss. The difficulty will be determining the initial purchase price of the items. HiFi gear often depreciates like a new car. Definitely speak with your tax guy/gal.
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