Can a Dentist Deduct Donated Supplies and Equipment?

Can donated supplies and equipment be
deducted?

Yes –  if you just
bought them for the purpose of donating them and have not and will not deduct
them as a business expense (no double-dipping).

No –  if you’ve already purchased them and written them off completely as a
business deduction (no double dipping).

Maybe also on the equipment assuming you haven’t fully depreciated it.

Clear as mud? 

This first appeared on Dentaltown.