How do i report charitable contributions on my schedule c form?
i want to report donations from my husband's co. It keeps reporting it under our personal info. How do put it on the schedule c form for his business?
021211
2 Replies
Bsch4477
Level 15
Apr 21, 2021 8:53:02 PM
Beginning in 2018 Corporations and S corporations may still deduct charitable deductions, but other businesses may not. You can only deduct charitable contributions on Sch A if you itemize.
VolvoGirl
Level 15
Apr 21, 2021 9:10:18 PM
You can not deduct charity and gifts on Schedule C unless they are actually a business expense.See Business Expenses Pub 535 page 46 Charitable Contributions