The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/im-looking-for-guidance-on-deductions-for-items-29871280.aspx

Subject:  Re: Item purchased for a charity Date:  2/25/2012  6:29 PM
Author:  TMFPMarti Number:  115234 of 127989

I'm looking for guidance on deductions for items purchased for a charity (my kids' school). The items fall in two categories: classroom supplies/equipment from teacher wish lists (not just my own kids' classrooms) and unreimbursed expenses for school events that my husband and I helped with.

IMO the former are donations of non-cash property, and the latter are unreimbursed expenses, which are treated the same as cash on your return.

Phil
Rule Your Retirement Home Fool
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us