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User1218
Returning Member

I own a service business and offered my services as an item to be donated in a charity auction. How do I expense my donated time on Schedule C?

 
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Accepted Solutions
JohnW15
Intuit Alumni

I own a service business and offered my services as an item to be donated in a charity auction. How do I expense my donated time on Schedule C?

Unfortunately, you can't deduct the value of your donated time, either on a Schedule C for your business, or as an itemized deduction on Schedule A.  There's no provision for such a deduction in either place under the law.

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2 Replies
JohnW15
Intuit Alumni

I own a service business and offered my services as an item to be donated in a charity auction. How do I expense my donated time on Schedule C?

Unfortunately, you can't deduct the value of your donated time, either on a Schedule C for your business, or as an itemized deduction on Schedule A.  There's no provision for such a deduction in either place under the law.

User1218
Returning Member

I own a service business and offered my services as an item to be donated in a charity auction. How do I expense my donated time on Schedule C?

That was what I thought so thank you for confirming it.

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