If I were to adopt some animals from a 501(c) 3 charity, is the adoption fee tax deductable from either my personal taxes or my corporation taxes? I intend to adopt them regardless but was just wondering as I give regular donations to animal shelters and they are deductable but wasn't sure about adopton fees.
Thanks
2007-07-29 15:42:11 · 2 answers · asked by lisa m 6 in Business & Finance ➔ Corporations
The reason I ask is that I saw one dog shelter and they said both donations and adoptions fees were deductable as they are 501(c)3 but I'm split because some others say you can't. Like I said, doesn't change the fact of getting the animals.
2007-07-29 15:53:32 · update #1
The dog shelter is headed for trouble if they say all payments to them are deductible just because they are a recognized charity. They are providing a service in return for your fee, so it's not deductible, just like it's not deductible when you rent a church for a wedding. If they can document that the adoption fee is inflated to force you to make a donation, then the overcharge could be deductible. This would be sort of like a benefit dinner where you pay $100 for a rubber chicken meal worth $12 and deduct $88.
The same charity deduction rules would apply to corporate taxes.
2007-07-29 18:30:26 · answer #1 · answered by Houyhnhnm 6 · 1⤊ 1⤋
Not deductible, as you are getting something of value for your money---the animals. If you just gave them money, and did not take any animals, you could deduct that.
2007-07-29 22:46:40 · answer #2 · answered by Anonymous · 0⤊ 1⤋