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SENIOR MODERATOR
SOG Member
FT Professional, Author
'03 Finalist, PSofATL
'02 Finalist, PSofATL
'02 1st Place, WCSPA
'01 Honors, WCSPA
Featured in Artists Mag.
Joined: Jun 2001
Location: Arizona
Posts: 2,481
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In addition, if you donate painting to a charity, you can only deduct the cost of the materials. But if you sell the same painting to another person, and they donate it, THEIR deduction is based on what they paid.
Perhaps we should notify the IRS. I'm sure it would be terribly upsetting to them to realize something in the tax laws is unfair.
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