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bigolyt
New Member

I purchased a number of items at a silent auction. How do I deduct those, and where? Is it a donation of Money? Or an Item?

 
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Accepted Solutions
Kat
Level 15
Level 15

I purchased a number of items at a silent auction. How do I deduct those, and where? Is it a donation of Money? Or an Item?

Because you actually purchased these items (and received "goods" for your "donation"), these are not considered charitable contributions for tax deduction purchases.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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1 Reply
Kat
Level 15
Level 15

I purchased a number of items at a silent auction. How do I deduct those, and where? Is it a donation of Money? Or an Item?

Because you actually purchased these items (and received "goods" for your "donation"), these are not considered charitable contributions for tax deduction purchases.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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