topic Re: Sponsored a cook off in Get your taxes done using TurboTax

Re: Sponsored a cook off

ThomasM125 — Tue, 14 Feb 2023 23:15:13 GMT

You could treat a monetary contribution to a charitable organization as a deductible contribution for federal tax purposes only to the extent you didn't receive a benefit in return. So if you mean you contibuted money to a qualifying charitable organization and you didn't receive any tangible benefit from it, then you can treat it as a charitable contribution.

Re: Sponsored a cook off

xmasbaby0 — Tue, 14 Feb 2023 23:17:49 GMT

We know nothing about the organization for which you organized a cookoff, nor do we know about whatever yu did for a cheerleader. Only donations to qualified charities can be entered as deductions.

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualified-charitable-organization/00/26938

Re: Sponsored a cook off

Sarutten — Tue, 14 Feb 2023 23:19:36 GMT

The gym is not a profitable organization and my niece is the cheerleader.

Re: Sponsored a cook off

xmasbaby0 — Tue, 14 Feb 2023 23:20:54 GMT

Then....sorry----neither one counts and cannot be entered on your tax return.