Discussion:LLC contribution deduction
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> LLC contribution deduction
| 22 June 2007 | |
| Client is in construction business. Used employees and equipment to dig and lay waterline. Land and work done by the construction company was donated to water district of local
municipality. Would the company be entitled to contribution deduction? Value of the deduction? | |
Death&Taxes (talk|edits) said: | 22 June 2007 |
| Discussion: New construction donated to school. You do not indicate how the LLC has elected to be taxed, but Kevin's answer should still hold true. | |
To join in on this discussion, you must first
log in.
