Donated services vs. donated painting
I just wanted to clarify - is it the same thing, tax wise, to donate at auction a finished painting or a gift certificate towards a to-be-completed portrait painting? Are both of these non-deductible, except as advertising expense as Michele was advised?
I plan on participating in an auction for a private Catholic school. Again, do the same tax laws apply if it is not for charity?
Thanks,
Holly
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