Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 07-31-2010, 01:11 AM
Junior Member
 
Join Date: Jul 2010
Posts: 1
deduction for pro-bono work?

I did a roof for a low income family. It was really bad and they couldn't afford to fix it, so I paid for all supplies and did the work. Any way I can deduct any of the cost from taxes?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-29-2010, 08:13 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,233
" . . . they couldn't afford to fix it, so I paid for all supplies and did the work. Any way I can deduct any of the cost from taxes?"---> Sorry, No!You may deduct your charitable contributions of money or property made to qualified organizations if you itemize your deductions; I mean your item. deduc.> Std. deduc.).



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How is the deduction calculated in order for an employer to get a deduction? TaxGuru Alabama 0 07-13-2010 08:50 PM
Work IN oilfield rweaselc1 Itemized Deductions 2 02-17-2010 09:07 AM
Live in one state work in another IL and VA and K-1 spatel74 Limited Liability Company 0 02-10-2010 08:47 PM
Work in NYC. Rent in NJ or NYC? IceManNY Estimated Taxes 0 10-01-2009 10:41 AM
PMI and Work Reimbursement ufactor Homeowner Tax 0 03-27-2009 12:28 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning