On Feb 8, 11:12 am, "removeps-gro...[at]yahoo.com" <removeps-
gro...[at]yahoo.com> wrote:

- quote -

Sorry for the wrong advice, after reading the IRS publication, I see
that most deductions are reportable on Schedule A, subject to the 2%
of AGI limitation, and of course you have to be itemizing to claim the
deduction if any.

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pleasedontemailme[at]dot.com wrote:
- quote -

Right. It's similar to restaurant tips. The IRS considers them not to
be gifts, but to be something given in relation to a business
transaction. As such they are taxable.

Stu

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On Thu, 7 Feb 2008 17:38:56 EST, "Howard Kaikow"
<kaikow[at]standards.com> wrote:

- quote -

Calling it a donation does not make it so. A donation is a
non-reciprocal transfer and that is not the case with shareware.
-Crystal

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On Feb 7, 4:38 pm, "Howard Kaikow" <kai...[at]standards.com> wrote:
- quote -

Yes, most likely as Other Income. Losses or expenses on hobby income
are deductible as negative income; but if the net hobby income is less
than zero (meaning that expesnses are more than income), the net
income should be changed to zero.

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Howard Kaikow wrote:
- quote -


"A rose by any other name would smell as sweet."

or stink.

ChEAr$,
Harlan Lunsford, EA n LA

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

There are folks posting software, for which they do not REQUIRE payment for
use, but they do leave themselves open to receiving donations.

I ASSuME that all such donations are taxable as income?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >