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Charitable Contributions.

I have a sole proprietorship and I am claiming the standard deduction for my personal taxes. Because of that I will not be able to deduct. Can I claim it as an expense for my business? If so, where would I record?

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AlanT222
Expert Alumni

Charitable Contributions.

You can only claim it as donation from your business if your business actually did the charitable giving.  You cannot move your personal giving to your business in order to get the standard deduction and part of your itemized deductions.  

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1 Reply
AlanT222
Expert Alumni

Charitable Contributions.

You can only claim it as donation from your business if your business actually did the charitable giving.  You cannot move your personal giving to your business in order to get the standard deduction and part of your itemized deductions.  

**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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