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Originally Posted by Michele Rushworth
My tax accountant has advised me that I may deduct the donations at fair market value as "advertising expense" (not as charitable donations, due to the above mentioned tax laws). That is how I have handled these donations for the past two tax years.
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Thanks Michele!
That is very useful to know. I wish I thought of that before e-filing several days ago. Maybe in this case one should send a revised tax form with the advertising expense changes.