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Level 2
February 14, 2023
Question

Sponsored a cook off

  • February 14, 2023
  • 1 reply
  • 5 views

I sponsored a cook off and a cheerleader can I write that off as a donation and if I can should it be like when I donate to church 

1 reply

Level 15
February 14, 2023

You could treat a monetary contribution to a charitable organization as a deductible contribution for federal tax purposes only to the extent you didn't receive a benefit in return. So if you mean you contibuted money to a qualifying charitable organization and you didn't receive any tangible benefit from it, then you can treat it as a charitable contribution. 

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Level 15
February 14, 2023

We know nothing about the organization for which you organized a cookoff, nor do we know about whatever yu did for a cheerleader.  Only donations to qualified charities can be entered as deductions.

 

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualified-charitable-organization/00/26938

**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.**