A Person is in the business of repairing trucks. He contributed his services to repair a church's truck. If he were to perform this same type services for a regular customer he would have charged $2,500. Is the value of his services business income or can he just contribute the cost of his supplies as a charitable contribution?
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No, the services or labor is not deductible, only the cost of the supplies are able to be deducted as a charitable contribution.
No, the services or labor is not deductible, only the cost of the supplies are able to be deducted as a charitable contribution.
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