Can donated supplies and equipment be
deducted?
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.
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?
For more information, please contact info@dentalcpas.com