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?
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?
For more information, please contact info@dentalcpas.com
Follow us on Twitter, Facebook and Pinterest – sign up for our newsletter
No comments:
Post a Comment