John Formsma wrote: > You can't. I asked my accountant that some years ago. Donated items, > yes. Donated items are tangible assets. IRS likes to be able to grab things... Donated service work, no. > > If this is different, let me know. > > -- > JF I think that, if you bill the charitable entity, >>GET PAID!<< and THEN write them a check for the "discount" you will have a charitable deduction available to the amount of YOUR check. BUT, you HAVE to show the paper trail of your payments. If you bill and they don't ever pay you it would come under "bad debts". Different ball of wax. If you bill for the discounted amount, that is all that is income. Any amount discounted is very kind of you, but the IRS didn't see any cash flow and will disallow it as a deduction. My 1.1¢. -- Conrad Hoffsommer, RPT - Keyboard Technician Luther College, 700 College Dr., Decorah, Iowa 52101-1045 1-(563)-387-1204 // Fax 1-(563)-387-1076
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