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Business & farm
It depends on what type of organization you are. You mentioned TurboTax Business, so I’m assuming you are not a sole proprietor. Self-employed individuals cannot deduct charitable contributions as a business expense. Instead they will enter them in Deductions & Credits are personal charitable donations.
Partnerships and S-Corporations will report on their donations on their income tax returns. The amounts will be passed on to the partners and shareholders. TurboTax has a entry for Charitable Contributions under Business Expenses.
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March 1, 2021
7:55 PM