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deductions
I sell hand carved Santas through a non-profit gift shop. I determine the selling price. When an item is sold the non-profit retains 40% of the selling price as a commission. Example: $200 Santa sell for $200, n-p keeps $80 and sends me $120. Can I deduct the $80 or any portion of it as a donation to the n-p?
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‎February 21, 2022
2:16 AM