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Old 05-03-2008, 12:36 AM
D. Stussy
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Default Re: Are alma mater donationd business deductible?

<oprah.chopra[at]gmail.com> wrote in message
news:b142322f-945e-4592-922d-a49fe15e6e6e[at]x41g2000hsb.googlegroups.com...
- quote -

> I realize I can deduct from my personal income tax, however I want to
> donate 2,000, which is less than my standard deduction. Can I deduct
> from sole-proprietorship business?


Yes, but it still goes on Schedule A, not Schedule C.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
 
Old 05-02-2008, 07:40 PM
Phil Marti
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Default Re: Are alma mater donationd business deductible?

<oprah.chopra[at]gmail.com> wrote:

- quote -

> I realize I can deduct from my personal income tax, however I want to
> donate 2,000, which is less than my standard deduction. Can I deduct
> from sole-proprietorship business?


No.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
  #-1  
Old 05-02-2008, 07:13 PM
oprah.chopra@gmail.com
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Posts: n/a
Default Are alma mater donationd business deductible?

I realize I can deduct from my personal income tax, however I want to
donate 2,000, which is less than my standard deduction. Can I deduct
from sole-proprietorship business?

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
 

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alma, business, deductible, donationd, mater
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