I looked around the forum and didn't find any discussion on this issue, do we have any guidance from theIRS about the value and/or deduction of frequent flier airline miles donated to a charity? Seems like I have heard that they can be sold for cash so I would think there would be some value to them as a donation. Can't find any specifics about where or who buys them.
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Last edited by taxmandan; 02-18-2016, 01:37 PM."A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain -
if you paid for the frequent flyer miles then you can deduct your cost as a donation to a 503c IF they are not given for the benefit of any specific person. If you got them as a reward for loyalty they are not deductible because you didn't pay for them.Believe nothing you have not personally researched and verified.
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