2007-02-09 11:06:19 · 6 answers · asked by Kayaker0678 2 in Business & Finance ➔ Taxes ➔ United States
No. Kids aren't charities (though they think they are). Only money given to a recognized charity is deductible. It's also not deductible if you give money for a kid to go to a recognized charity event. You have to give the money to the charity.
What in the world is an "extracellular" activity anyway? Something outside your wireless phone?
Tax Advisor
2007-02-09 11:13:47 · answer #1 · answered by WealthBuilder 4 · 1⤊ 1⤋
No, anything given to or designated for a particular individual can not be deducted. Even if it's given through a recognized charity, if you designate it to be for the benefit of a particular person, you can't deduct it. See IRS Publication 17, page 153 - download it at irs.gov
2007-02-09 19:47:05 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
No. If this is just a regular kid doing regular sports the IRS would see absolutely no tax write off here. Are there 'special circumstances' that would lead you to believe it is taxable? Kenlll
2007-02-09 19:12:59 · answer #3 · answered by kenlll 1 · 1⤊ 1⤋
No, that's not deductible.
2007-02-09 19:15:24 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 1⤋
I don't know, but if it is, you need a receipt as proof.
2007-02-09 19:08:54 · answer #5 · answered by Anonymous · 0⤊ 2⤋
no i wouldn't think so. it was a kindness.
2007-02-09 19:11:19 · answer #6 · answered by KRIS 7 · 0⤊ 1⤋