turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kk2n777
New Member

What is the "Purchase Price" for the donation of self-created art work for an event benefiting a charity?

I donated 3 pieces of original artworks created by me to a charity event.  The charity has provided me with a receipt based on the value of comparable donations.  What do I enter as the "Purchase Price"?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

What is the "Purchase Price" for the donation of self-created art work for an event benefiting a charity?

Unfortunately you cannot deduct anything for your skill, talent or expertise for the artwork you created and donated. You can only deduct your costs for the materials used or any expenses incurred in transporting it to the charity.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

1 Reply

What is the "Purchase Price" for the donation of self-created art work for an event benefiting a charity?

Unfortunately you cannot deduct anything for your skill, talent or expertise for the artwork you created and donated. You can only deduct your costs for the materials used or any expenses incurred in transporting it to the charity.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies