franu61 Posted September 7, 2014 Share Posted September 7, 2014 when you donate an item, such as a gift basket, for a non profit raffle, do you write off the price it would sell for or the cost to make it? Quote Link to comment Share on other sites More sharing options...
ChrisR Posted September 7, 2014 Share Posted September 7, 2014 The cost to make it according to my accountant. Quote Link to comment Share on other sites More sharing options...
justajesuschick Posted September 7, 2014 Share Posted September 7, 2014 I plan to keep track of those next year. I try to donate a basket monthly and while I have all of my other expenses nicely documented, I did not track that this year. Quote Link to comment Share on other sites More sharing options...
franu61 Posted September 8, 2014 Author Share Posted September 8, 2014 thanks ChrisR that helps a lot. JaJc, I'm in the same boat, groups are always hitting me up for donation and I forget to keep track. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.