Charitable Contribution fundraising question I started crafting items to sell for fundraisers for a charity event last year, purchasing supplies to do so. Obviously, not all of the supplies have been used as of yet, but they were purchased for the sole purpose of raising money for the charity's event that my husband's company participates in each summer. How would I deduct these expenses? Would it be considered a cash contribution since the items get sold and the money is then contributed? We don't get any statements from the charity as individuals as all the money is pooled. Please help! Thank you so much for your assistance. |