If I won a reserved parking space for a high school graduation, how much is deductible as a charitable contributions. There is no cost to park at graduation.
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If I won a reserved parking space for a high school graduation, how much is deductible as a charitable contributions. There is no cost to park at graduation.

 
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Level 15

If I won a reserved parking space for a high school graduation, how much is deductible as a charitable contributions. There is no cost to park at graduation.

If you donate the space back to the school, you have no donation value because you paid nothing for it in the first place.  

If you won the space in a raffle you can’t deduct the raffle ticket as a donation because gambling is not tax deductible, even raffle tickets for charity.  

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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