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Level 1
Apr 20, 2025 11:01 PM UTC
Question

Qualifying for a deduction?

I’m in a pageant and I’m looking for sponsors for my personal cost that this pageant brings. A business is interested in personally giving me 10k as my sponsor. I would like to know if they’re eligible for a tax deduction? If so what kind, and what do I need to give them in order for them to do so? A receipt or a specific form?

1 reply

Level 15
Apr 21, 2025 1:37 AM UTC

You don’t have to give them anything. They have to document the payment themselves and make the case to the IRS that the sponsorship served a legitimate advertising purpose.