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posted Oct 22, 2024 1:34:30 PM

Are letters that are mailed in support of a slate of candidates in a local election deductible on the IRS Form 1120 POL for a small political action committee?

The total contributions the Committee collected were $2300.00 and the primary expense was this mailing and postage totaling $2200.00

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1 Replies
Level 15
Oct 22, 2024 1:57:44 PM

TurboTax does no support IRS Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations

 

Go to this IRS website for information on what is reported on and deductible on a Form 1120-POL - https://www.irs.gov/charities-non-profits/political-organizations/form-1120-pol-contents-of-return