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In-Kind Donation Question
Help me understand how an In-Kind donation works. Let’s assume I am an architect and my church wants to hire me to design a new building. I tell them my fee is $10,000, but I will wave the fee for them. Is the $10,000 that I waived an In-Kind contribution? If so, I would I claim it against the business or as a personal itemized deduction?
June 5, 2024
8:03 PM