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posted Jun 4, 2019 6:01:29 PM

Is contributed Services by business to repair church income

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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1 Best answer
Level 3
Jun 4, 2019 6:01:30 PM

No, the services or labor is not deductible, only the cost of the supplies are able to be deducted as a charitable contribution. 

1 Replies
Level 3
Jun 4, 2019 6:01:30 PM

No, the services or labor is not deductible, only the cost of the supplies are able to be deducted as a charitable contribution.