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Started By
Message
Tax Lawyers of the OT - I have a question about charity work
Posted on 5/19/15 at 10:40 pm
Posted on 5/19/15 at 10:40 pm
I am a photographer. Last week and this week, I am volunteering my time and skill in photographing events for the Baton Rouge Symphony.
The event I did Sunday was a 3-hour event. I shot the event and ended up donating over 60 images. I am also shooting the Art-ini this Thursday for the symphony, another 3-hour event.
Can I claim the images donated to the symphony as a tax deduction? I know I cannot claim my time as a volunteer.
If I put a value of $500 (pretty cheap for an event photographer), is this tax deductible, even though I am not spending any money out of pocket?
The event I did Sunday was a 3-hour event. I shot the event and ended up donating over 60 images. I am also shooting the Art-ini this Thursday for the symphony, another 3-hour event.
Can I claim the images donated to the symphony as a tax deduction? I know I cannot claim my time as a volunteer.
If I put a value of $500 (pretty cheap for an event photographer), is this tax deductible, even though I am not spending any money out of pocket?
4
Posted on 5/19/15 at 10:42 pm to theantiquetiger
Pics?
Posted on 5/19/15 at 10:43 pm to theantiquetiger
nvmd
This post was edited on 5/19/15 at 10:45 pm
Posted on 5/19/15 at 10:47 pm to stout
quote:
stout
uncalled for man. just very inconsiderate
Posted on 5/19/15 at 11:24 pm to theantiquetiger
Not a tax lawyer, but you don't really need to be.
You don't get a deduction for your assigned value. Basically, you get your actual cost.
Think about it this way, you didn't take that $500 into income, so why would you get a deduction for that amount.
You don't get a deduction for your assigned value. Basically, you get your actual cost.
Think about it this way, you didn't take that $500 into income, so why would you get a deduction for that amount.
Posted on 5/20/15 at 3:48 am to MMauler
quote:
Think about it this way, you didn't take that $500 into income, so why would you get a deduction for that amount
+1
currently a lawyer(not tax), formerly cpa and irs agent.
Posted on 5/20/15 at 4:54 am to MMauler
quote:
Think about it this way
No need to think about it, Google gives the answer in about ten seconds.
Posted on 5/20/15 at 6:22 am to piratedude
quote:
formerly irs agent.
Souless bastard
Posted on 5/20/15 at 7:33 am to theantiquetiger
You can deduct the costs associated with your transportation to the locations you went to, but that is about it.
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