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Tax Reporting Question
Posted by:
Jess Brindisi
(---.washdc.fios.verizon.net)
Date: June 19, 2011 08:32PM
If I built 2 rods as a donation/raffle for a fishing tournament, what do I claim if anything on my monthly tax filings? Re: Tax Reporting Question
Posted by:
matthew jacobs
(---.48.186.173.dynamic.ip.windstream.net)
Date: June 19, 2011 09:09PM
call your accountant Re: Tax Reporting Question
Posted by:
Tom Kirkman
(Moderator)
Date: June 19, 2011 10:01PM
You would pay the excise tax on whatever amount you are claiming for the deduction. In other words, if you're going to claim the 2 rods as a charitable donation of say, $400, then you have to figure and pay the tax on $400.
............... Re: Tax Reporting Question
Posted by:
kevin knox
(---.baybroadband.net)
Date: June 20, 2011 12:23AM
Tom Kirkman Wrote:
------------------------------------------------------- > You would pay the excise tax on whatever amount > you are claiming for the deduction. In other > words, if you're going to claim the 2 rods as a > charitable donation of say, $400, then you have to > figure and pay the tax on $400. > > ............... Which is $10 per rod. Comment, not a question. Æ Sorry, only registered users may post in this forum.
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