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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Charitable deduction question Date: 1/31/2012 1:17 PM
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In 2011 I purchased an airplane ticket for a February 2012 trip to do volunteer work with an IRS-approved non-profit group and I promise not to have fun while I'm doing it, so the deductibility of the trip will be legit.

Since the trip hadn't yet happened in 2011, can I take the deduction for the plane ticket that year? Or should I wait until the trip actually takes place and take all the deductions for it in 2012?


As a cash basis taxpayer, I would take the deduction in 2011. However, should you not take the trip, any money you recover for the ticket will be 2012 income.

Ira
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