Monday, September 17, 2012

Can a Dentist Deduct Donated Supplies and Equipment?

Can donated supplies and equipment be deducted?

Yes -  if you just bought them for the purpose of donating them and have not and will not deduct them as a business expense (no double-dipping).

No -  if you've already purchased them and written them off completely as a business deduction (no double dipping).

Maybe also on the equipment assuming you haven't fully depreciated it.

Clear as mud? 

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