Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Is Donating the house for Fire Department for training tax deductable?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]It's still an open question. There's an IRS advisory opinion from the 1970s that people use as the basis. A court case a few years disallowed the deduction, but only because the taxpayer didn't do the appraisals correctly. The court never reached the question of whether the deduction was proper. We donated our house in Fairfax County in 2008 and took the deduction. The 3-year audit period has now passed. [/quote] There's a 2012 Tax Court case disallowing the deduction based on Virginia law. I wouldn't try it in Virginia. Donate the house's materials to a deconstruction firm and take your deduction that way.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics