In-kind gifts are gifts of materials and property to qualified organizations (like non-profits). They are deductible, but services are not. IRS Publ. 526, p. 6: "You cannot deduct as a charitable contribution: .... 4. The value of your time or services, ..." Bob Davis In a message dated 3/18/2009 10:03:32 A.M. Pacific Daylight Time, a440 at bresnan.net writes: David Love wrote: I routinely donate my services to a few charity events (auction type) around for fund raising purposes. I usually donate 2 or 3 to each event. It is very good advertising and, if nothing else, gets you some new customers plus helps out organizations in need. You cannot, however, get a tax deduction for that. At least not a legal one. David Love www.davidlovepianos.com I just called my accountant. She says that indeed I CAN make those deductions. It's called a donation "in kind", and you get a receipt from the organization (which I DO) and the organization must be recognized as a charitable organization. So I will be continuiing to take those deductions! Sometimes that kind of charity is about the only charity I can afford! John Dorr Helena, MT **************Feeling the pinch at the grocery store? Make dinner for $10 or less. (http://food.aol.com/frugal-feasts?ncid=emlcntusfood00000001) -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech_ptg.org/attachments/20090318/5aecea5e/attachment.html>
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