I've tried looking this up all over the internet to no avail... I'm assuming that since my specific question wasn't addressed on any resource I found, that it's "okay" to do.
Here's the question:
Is there a "holding period" for charitable donations? I.e. would it be okay to take something from a friend, colleague, etc., that they didn't want, so it's now in your possession, then turn around and donate it for the tax deduction? I've ask quite a few people and they seem split on their answers, but all the people who say "no" can't really cite any good reason for why it isn't okay.
I know lots of people that take a standard deduction so they have no interest in charitable donation deductions, which only help those who are itemizing.
Input?
P.S. So, technically, if there is no holding period I could have all my friends give all their unwanted stuff to me, and I could donate it all and claim the deduction for myself?