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Financial Planning / Tax Strategies
|Subject: Re: Schedule C - Charitable Donation or Advertiz||Date: 2/8/2001 1:21 PM|
|Author: JFour||Number: 45972 of 122300|
My wife is a Personal Fitness Trainer and runs a small Schedule C company.
She donated a certificate for 3 PFT sessions to a local charity - this was "sold" at a silent auction.
Question - is this Advertising for the Schedule C company, or is it a personal charitable deduction (or indeed something else)?
The answer is, is not really either. Donation of personal services is non-deductible. The cost of any product used during the 3 sessions would be deductible as advertising (ex free towels, exercise logs, water bottle, etc).
Good for you for donating your time and energy to the charity!
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