There are many unused diabetic supplies in homes across the country. Diabetes is a severe disease, and people with diabetes need to make sure they have enough reserves on hand at all times. This article will go over five things you should know before you sell unused diabetic supplies.
Sell them before the end of the year.
Most of your diabetic supplies are going to have an expiration date. If you sell them before the end of the year, you can get a deduction on your taxes for this year. Furthermore, if you sell them while they have a full year left, you can actually get a tax deduction for the value of your supplies and sell them next year. Be sure to check with an accountant or tax specialist before selling old diabetic supplies, though!
Sell them as-is on eBay.
Many people sell their unused diabetic supplies through online auction websites like eBay. This is a simple way to sell items. However, it isn’t very efficient because there are fees involved, including PayPal fees and shipping costs that you have to pay at least some of. A better option would be to sell directly through Amazon, which doesn’t charge any additional fees besides what they already take out for processing payment (and this fee is only if you sell items above $20). It’s also easier than having individual auctions.
Be sure to take an inventory first.
You need to make sure that what you think is leftover diabetic supplies are actually leftover. You don’t want to sell something that was used in 2017 or earlier because then it would not count as being sold. To ensure accuracy, do an inventory of all items in your home with diabetes-related materials on hand – needles, test strips, lancets, insulin pumps/cartridges/pens, etc., glucose monitors & meters (with data stored), insulin pens & cartridges.
Check with your doctor.
Before selling any diabetic supplies, check with your doctor and make sure that they are no longer needed. You don’t want to sell something if it is still used.
Be careful about giving out personal information.
When sell unused diabetic supplies, be very careful about who you give your personal information. There are many scams out there, and you don’t want to fall victim to one of them.
To conclude, there are many benefits to selling unused diabetic supplies. Not only can you make some extra money, but you can also help someone who is in need. Just be sure to follow the tips above so that you can sell your supplies safely and securely.
