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?
02391
1 Best answer
JohnW15
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
JohnW15
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.
User1218
Returning Member
Jun 6, 2019 1:35:29 AM
That was what I thought so thank you for confirming it.