142066
You'll need to sign in or create an account to connect with an expert.
Charity is personal (i.e. Schedule A, not Schedule C). Charity is never treated as a business expense by an incorporated business such as a sole proprietor or LLC. Only "C" corporations get to include it as a direct expense against net business income. Please add within the Deductions and Credits section of Turbo Tax.
Here's a good article by the Small Business Association:
https://www.sba.gov/blogs/how-small-businesses-can-get-tax-deductions-charitable-giving
Charity is personal (i.e. Schedule A, not Schedule C). Charity is never treated as a business expense by an incorporated business such as a sole proprietor or LLC. Only "C" corporations get to include it as a direct expense against net business income. Please add within the Deductions and Credits section of Turbo Tax.
Here's a good article by the Small Business Association:
https://www.sba.gov/blogs/how-small-businesses-can-get-tax-deductions-charitable-giving
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
fkinnard
New Member
oreillyjames1
New Member
currib
New Member
jack
New Member
TaxpayerNoDoubt
Level 1