We own a second home in Colorado, and we are allowing a non-profit 501c3 organization to use our house while we snowbird in Nevada from October to May, but return to Colorado from June to August. They have given us a letter stating that the value of our charity to them is worth $20,000.
I have spoken to two CPAs about deducting this charity donation on our tax return, and they tell me that it's deductible as a charitable donation, that I could have rented the same property for far more money than the $20K. But I have also talked to two other CPAs that said it wasn't deductible b/c we still own the property.
So what is your opinion? The CPAs also told me that it's a very GRAY area.
Doug
