matechakeric
Active member
- Joined
- Dec 15, 2020
- Messages
- 451
Any reasons why charitable donations to RMEF, BHA, etc would not be tax deductible?
Donations to RMEF: tax deductible?
- Thread starter matechakeric
- Start date
Not as long as you received no goods or services in exchange for your gift.
Edit: I have had business accountants call up and ask for a "donation receipt for Mr. Johnson's donation of $500 on March X of this year," and I had to explain that Mr. Johnson purchased raffle tickets and that's not the way it works.
Edit: I have had business accountants call up and ask for a "donation receipt for Mr. Johnson's donation of $500 on March X of this year," and I had to explain that Mr. Johnson purchased raffle tickets and that's not the way it works.
jryoung
Well-known member
Games of chance are not tax deductible LOL
L
longbow51
Guest
What you can do, is if you buy a fancy RMEF gun for, say, $3500, and the base model is $1500, you can deduct $2000, or so says my accountant and he is very conservative.
Accountants, chime in if you disagree.
Accountants, chime in if you disagree.
matechakeric
Active member
- Joined
- Dec 15, 2020
- Messages
- 451
So you can't claim donations to goodwill if you don't get anything in return?
You said "any reason why they wouldn't be deductible." I said no, there is no reason unless you receive goods or services in return.
matechakeric
Active member
- Joined
- Dec 15, 2020
- Messages
- 451
O ok. I guess I misread you my apologies
No need to apologize. My writing is usually full of double negatives and crap like that. You could also just go by my motto: "When in doubt, deduct."
David Gough
Well-known member
If you don't itemize it doesn't matter anyways.
Similar threads
