https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortuntately-nothing-there-are-a-few-things-that-you/01/298367#M36482 <P>Unfortuntately, nothing.</P><P>There are a few things that you can't deduct:</P><P> </P><UL> <LI>You can't deduct the value of time or services you provide as a volunteer. For instance, if you're a carpenter and you help a nonprofit group build a home for the poor, you can deduct travel costs and building supplies you buy, but not the value of the work you do.</LI> <LI><B>Also, a donor cannot continue to enjoy control over donated funds or property contributed; the gift must be irrevocable to qualify for the charitable deduction.&nbsp;</B></LI> </UL><DIV> <I>Partial Interest in Property</I> </DIV><DIV>Generally, you can't deduct a charitable contri­bution of less than your entire interest in prop­erty.</DIV><DIV> <BR /> </DIV><DIV> <I>Right to use property.</I> </DIV><DIV>A contribution of the right to use property is a contribution of less than your entire interest in that property and isn't deductible.</DIV><DIV> <I>Example 1.</I> </DIV><DIV>You own a 10­ story office building and donate rent­ free use of the top floor to a charitable organization. Because you still own the building, you have contributed a partial interest in the property and can't take a deduction for the contribution.</DIV><DIV> <I>Example 2.</I> </DIV><DIV>Mandy White owns a vacation home at the beach that she sometimes rents toothers. For a fund­-raising auction at her church,she donated the right to use the vacation homefor 1 week. At the auction, the church received and accepted a bid from Lauren Green equal tothe fair rental value of the home for 1 week.</DIV><DIV> <B>Mandy can't claim a deduction because of the</B><B>partial interest rule</B>. Lauren can't claim a deduc­tion either, because she received a benefit equal to the amount of her payment.</DIV><DIV> <BR /> </DIV><DIV> <A href="https://www.irs.gov/pub/irs-pdf/p526.pdf" rel="nofollow" target="_blank">https://www.irs.gov/pub/irs-pdf/p526.pdf</A><BR /> </DIV> Mon, 03 Jun 2019 18:08:43 GMT Coleen3 2019-06-03T18:08:43Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-going-to-donate-a-week-of-my-timeshare-to-a-charity-so-they-can-raise-money-by-raffleing-it-off/01/298360#M36481 Mon, 03 Jun 2019 18:08:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-going-to-donate-a-week-of-my-timeshare-to-a-charity-so-they-can-raise-money-by-raffleing-it-off/01/298360#M36481 jeppor 2019-06-03T18:08:42Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortuntately-nothing-there-are-a-few-things-that-you/01/298367#M36482 <P>Unfortuntately, nothing.</P><P>There are a few things that you can't deduct:</P><P> </P><UL> <LI>You can't deduct the value of time or services you provide as a volunteer. For instance, if you're a carpenter and you help a nonprofit group build a home for the poor, you can deduct travel costs and building supplies you buy, but not the value of the work you do.</LI> <LI><B>Also, a donor cannot continue to enjoy control over donated funds or property contributed; the gift must be irrevocable to qualify for the charitable deduction.&nbsp;</B></LI> </UL><DIV> <I>Partial Interest in Property</I> </DIV><DIV>Generally, you can't deduct a charitable contri­bution of less than your entire interest in prop­erty.</DIV><DIV> <BR /> </DIV><DIV> <I>Right to use property.</I> </DIV><DIV>A contribution of the right to use property is a contribution of less than your entire interest in that property and isn't deductible.</DIV><DIV> <I>Example 1.</I> </DIV><DIV>You own a 10­ story office building and donate rent­ free use of the top floor to a charitable organization. Because you still own the building, you have contributed a partial interest in the property and can't take a deduction for the contribution.</DIV><DIV> <I>Example 2.</I> </DIV><DIV>Mandy White owns a vacation home at the beach that she sometimes rents toothers. For a fund­-raising auction at her church,she donated the right to use the vacation homefor 1 week. At the auction, the church received and accepted a bid from Lauren Green equal tothe fair rental value of the home for 1 week.</DIV><DIV> <B>Mandy can't claim a deduction because of the</B><B>partial interest rule</B>. Lauren can't claim a deduc­tion either, because she received a benefit equal to the amount of her payment.</DIV><DIV> <BR /> </DIV><DIV> <A href="https://www.irs.gov/pub/irs-pdf/p526.pdf" rel="nofollow" target="_blank">https://www.irs.gov/pub/irs-pdf/p526.pdf</A><BR /> </DIV> Mon, 03 Jun 2019 18:08:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortuntately-nothing-there-are-a-few-things-that-you/01/298367#M36482 Coleen3 2019-06-03T18:08:43Z