Donating Use of Home

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  • Luis Mopeo
    replied
    Originally posted by Bees Knees
    Not deductible.

    From IRS Pub 526, page 8:

    "Right to use property. A contribution of the
    right to use property is a contribution of less than
    your entire interest in that property and is not
    deductible.

    Example 1. You own a 10-story office building
    and donate rent-free use of the top floor to a
    charitable organization. Since you still own the
    building, you have contributed a partial interest
    in the property and cannot take a deduction for
    the contribution."
    Well perhaps, Mr. Smarty Pants, but I at least think the charitable donor should be able to deduct round trip mileage to transport the convict from the prison, to the mansion, and back to the prison again.

    Leave a comment:


  • Bees Knees
    replied
    Not deductible.

    From IRS Pub 526, page 8:

    "Right to use property. A contribution of the
    right to use property is a contribution of less than
    your entire interest in that property and is not
    deductible.

    Example 1. You own a 10-story office building
    and donate rent-free use of the top floor to a
    charitable organization. Since you still own the
    building, you have contributed a partial interest
    in the property and cannot take a deduction for
    the contribution."

    Leave a comment:


  • WhiteOleander
    replied
    Originally posted by George Boutwell
    Taxpayer is allowing the county to use her Beverly Hills mansion for three weeks in order to ease jail overcrowding. Are the taxes, insurance, maintenance and household help for that period, tax deductible as a charitable contribution?
    I doubt Paris HAS any income. So, therefore, it is a non-issue. No need to even file a return. ;>)

    Leave a comment:


  • Luis Mopeo
    replied
    Sometimes Beverly Hills residents get a bad rap for being uncharitable, greedy louts. This appears to be a case proving the exception to the stereotype.

    Contributions made to government entities can be eligible for a charitable contribution. As long as the meals and lodging were not lavish or extravagant, I believe the apportioned share of home expenses should be allowed.

    Leave a comment:


  • George Boutwell
    started a topic Donating Use of Home

    Donating Use of Home

    Taxpayer is allowing the county to use her Beverly Hills mansion for three weeks in order to ease jail overcrowding. Are the taxes, insurance, maintenance and household help for that period, tax deductible as a charitable contribution?
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