If I landscape my garden with goods purchased from nursery that is non-profit 501 (c)(3) , is it legal to write off on my taxes?
- posted
11 years ago
Can I deduct ?
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- posted
11 years ago
I highly doubt it. (Are you paying more than 'regular' market price for the stuff?) Now, if they throw a $500 per plate dinner, and you take the Missus, you can deduct the amount that exceeds the value of the meal, but not the full $1000.
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- posted
11 years ago
Only to the extent that what you pay exceeds the fair market value of what you receive.
Ira Smilovitz
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- posted
11 years ago
Not a contribution as you got something of value in return.* Not a deduction as it would be a capital improvement to land.
- - Unless the price is much more than fair market value.