http://www.stepbystepfundraising.com/tax-deductible-amount-for-tickets-events-with-donations/ Fundraising Resources for Non Profit Organizations Mon, 06 Feb 2012 18:33:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.stepbystepfundraising.com/tax-deductible-amount-for-tickets-events-with-donations/comment-page-1/#comment-75088 Carol Peterson Sat, 19 Mar 2011 16:14:13 +0000 http://stepbystepfundraising.com/tax-deductible-amount-for-tickets-events-with-donations/#comment-75088 We have events. However, we are looking at sales, such as gift wrap or plant sales. My previous understanding was that the purchase and no portion of it were tax deductible because the buyer was receiving goods at fair market value (the profit is the difference between the cost of the product and the sale at retail value). however, I see a local school is selling plants and offering the buyers a 40% tax deduction, because that is the net on the sale. Was my original information wrong? We have events. However, we are looking at sales, such as gift wrap or plant sales. My previous understanding was that the purchase and no portion of it were tax deductible because the buyer was receiving goods at fair market value (the profit is the difference between the cost of the product and the sale at retail value). however, I see a local school is selling plants and offering the buyers a 40% tax deduction, because that is the net on the sale. Was my original information wrong?

]]> http://www.stepbystepfundraising.com/tax-deductible-amount-for-tickets-events-with-donations/comment-page-1/#comment-39676 lesley@tax deals Mon, 01 Mar 2010 14:43:18 +0000 http://stepbystepfundraising.com/tax-deductible-amount-for-tickets-events-with-donations/#comment-39676 Thanks for sharing about tax deductibles in fundraisers. The answer is really helpful. Thanks for sharing about tax deductibles in fundraisers. The answer is really helpful.

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