|
#2
| |||
| |||
| Scott wrote: - quote - > Can't seem to find an answer to this one, so I'm hoping
I find the reverse question more interesting....> someone here can help. > I am in the Central Time Zone. On 12/31 at 11:30pm Central > time, I made an online donation to a charity that is in the > Eastern Time Zone. So, the charity's records will reflect > that my donation was made at 12:30am on 1/1/04. When I > printed my online receipt, my computer stamped it with the > 12/31 date, but I did receive an automated email from the > charity thanking me for my 2004 donation. Suppose you reverse the time zones. In that case, the charity reports the donation as being in 2003, but you actually made it in 2004. For what it's worth, I agree with the analysis in the other two replies -- you claim the donation for the year YOU make the donation, regardless of when the charity receives it. Time travel notwithstanding, that can be in the same year, previous year, or next year. (If it's more than one year later, there could be a problem.) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
| |||
| |||
| "Scott" <scott[at]scott.com> wrote: - quote - > Can't seem to find an answer to this one, so I'm hoping
Would the situation be any different if you had made the> someone here can help. > I am in the Central Time Zone. On 12/31 at 11:30pm Central > time, I made an online donation to a charity that is in the > Eastern Time Zone. So, the charity's records will reflect > that my donation was made at 12:30am on 1/1/04. When I > printed my online receipt, my computer stamped it with the > 12/31 date, but I did receive an automated email from the > charity thanking me for my 2004 donation. > You see where I'm headed with this ... is this deductible in > 2003 or does it go onto 2004? donation by mail? As long as it was postmarked by midnight (in your time zone) on Dec 31, it would count as a 2003 donation - not when the charity received the check. I would go with the time stamp printed on your online receipt. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| Scott wrote: - quote - > Can't seem to find an answer to this one, so I'm hoping
I would go with 2003, because that was the local time (year)> someone here can help. > I am in the Central Time Zone. On 12/31 at 11:30pm Central > time, I made an online donation to a charity that is in the > Eastern Time Zone. So, the charity's records will reflect > that my donation was made at 12:30am on 1/1/04. When I > printed my online receipt, my computer stamped it with the > 12/31 date, but I did receive an automated email from the > charity thanking me for my 2004 donation. > You see where I'm headed with this ... is this deductible in > 2003 or does it go onto 2004? where you were located when you initiated the transaction. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| Can't seem to find an answer to this one, so I'm hoping someone here can help. I am in the Central Time Zone. On 12/31 at 11:30pm Central time, I made an online donation to a charity that is in the Eastern Time Zone. So, the charity's records will reflect that my donation was made at 12:30am on 1/1/04. When I printed my online receipt, my computer stamped it with the 12/31 date, but I did receive an automated email from the charity thanking me for my 2004 donation. You see where I'm headed with this ... is this deductible in 2003 or does it go onto 2004? Thanks! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| charitable, donation, question |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Recording a charitable donation in MSM 2005 Cary: How do I record a charitable donation in MSM 2005? | Microsoft Money | 3 | 06-11-2005 12:20 PM | |
| Deductible Charitable Donation ??? Ron Rosenfeld: We have been giving money to an unrelated individual (who does not live with us) in order to help this person with an educational program. Would... | Taxes | 30 | 12-29-2003 08:46 PM | |
| Charitable donation of appreciated stock; valuation Ralph Diantonio: Hi, When and how is a block of stock donated to a 501(c)(3) charitable organization valued if: 1. The stock is in certificate form and is... | Taxes | 1 | 10-18-2003 03:27 AM | |
| S Corp Charitable Donation of Inventory MichelleinAtlanta: I have several restaurant clients who donate food to charity events. They receive a letter from the charity thanking them and quantifying the... | Taxes | 8 | 09-30-2003 06:34 AM | |
| Re: Can we move / reclaim a charitable contribution in a later year from the donation year?! Seth Breidbart: David <webmaster@crmsolmag.8m.com> wrote: > We donated appoximately $10,000 in stock to a temple we > belonged to in 2001. They asked what we... | Taxes | 2 | 07-03-2003 08:17 AM | |
| Thread Tools | |
| Display Modes | |
| |