CAFE & BUSINESS MODERATOR SOG Member FT Professional
Joined: Jul 2001
Location: Seattle, WA
Posts: 3,460
Stanka wrote:
Quote:
...auctions have provided my business the necessary kick start when I began to focus on portraiture.
Same here!
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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