Discussion:Lease payments as charitable contributions
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Revision as of 23:17, 15 February 2008
Discussion Forum Index --> Advanced Tax Questions --> Lease payments as charitable contributions
Discussion Forum Index --> Tax Questions --> Lease payments as charitable contributions
| 15 February 2008 | |
| One of my clients was the co-owner of a non-profit organization. She quit near the end of 2006 but could not get out of her obligation to pay a $250 lease payment on a copier. After threats of a lawsuit, she finally purchased the copier for $6000. She wants to know if she can deduct the cost as a charitable contribution. The problem is, the copier is still in her house and is not currently being used by the non-profit organization. I advised her to donate the copier to another organization and receive a written statement and appraisal but she still wants to know what she can do with the lease payments. What do you guys think? | |
