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Benefit concert for fund raising

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    Benefit concert for fund raising

    Taxpayer attended a benefit concert for fund raising for a community service organization (He said he would not have attended the concert if it was not a fund raising event). They did not say the portion that is deductible on the ticket. Does it mean none of the ticket price is deductible or there is a certain way to calculate the portion that is deductible?

    #2
    I would research what this type of concert would normally cost for the price of a ticket.
    That would be the amount that is not deductible.
    Believe nothing you have not personally researched and verified.

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      #3
      Tax preparers are

      now going to research fair market value of local concerts??? The charge for doing that may be higher than the deduction.

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        #4
        Ah but, I didn't say any concert I said similar concerts.
        Believe nothing you have not personally researched and verified.

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