How does our business take a deduction for the donation of advertising services to a registered charity?

diromad · ‎January 31, 2020

RobertG · ‎January 31, 2020

You can't take a deduction for services donated.

Keep in mind that you are already deducting the cost of any of your employee labor as wages, and the cost of any physical product as supplies or cost of goods sold.

You take the loss by still deducting all your normal expenses, but not your own time or labor.

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View solution in original post

RobertG · ‎January 31, 2020

You can't take a deduction for services donated.

Keep in mind that you are already deducting the cost of any of your employee labor as wages, and the cost of any physical product as supplies or cost of goods sold.

You take the loss by still deducting all your normal expenses, but not your own time or labor.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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How does our business take a deduction for the donation of advertising services to a registered charity?