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New Member
posted Feb 2, 2025 1:08:09 PM

We have 4H animals for our grandkids on our farm which we file as sole propriortorship. Do we consider the money we spend on these animals against our business?

Or do we do as a gift or donation?

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1 Replies
Level 15
Feb 2, 2025 1:34:16 PM

You cannot claim the animals you gave to your grandchildren as a donation; gifts to individuals are not deductible.