marctu
Employee Tax Expert

Business & farm

The basis of your question is can I make a charitable contribution and have that charitable contribution treated as a business expense of a single member LLC that is a disregarded entity for tax purposes.  The answer is no.   S corporations, LLCs, partnerships, and sole proprietors can make donations, but the business owners/shareholders have to report the donations as a personal charitable deduction on Schedule A (Form 1040). This provides a tax benefit only if you are able to itemize your deductions.

 

Thank you for your question @lamspp and , I am sorry that it was not the answer that you were hoping for. 

 

All the best,

 

Marc T.

Turbo Tax Expert

27 Years of Helping Clients

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