The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/i-considered-the-flight-a-gift-from-the-airline-21691409.aspx

Subject:  Re: Donated FrequentFlyer Miles Date:  12/2/2004  10:06 PM
Author:  irasmilo Number:  74384 of 132161

I considered the flight a gift from the airline and the hotel room cost a gift from the hotel chain and included it in my income taxes. Whatever you consider it there was value recieved by me.

How did you value them... at full coach fare and standard rack rates or at the discounted rates that most people would pay for them?

I'm sure your Uncle Sam is grateful for your generosity. These are not reportable income.

Ira
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us