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Returning Member
posted Jun 6, 2019 1:35:26 AM

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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1 Best answer
Intuit Alumni
Jun 6, 2019 1:35:28 AM

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.

2 Replies
Intuit Alumni
Jun 6, 2019 1:35:28 AM

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.

Returning Member
Jun 6, 2019 1:35:29 AM

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