I paid $250 to adopt a dog. This included the care that he received to that point, incurred by the shelter (vet care, shots, food, neutering). I was told that this was considered a donation. Since the shelter would be a non-profit organization, can this "donation" be considered tax deductible?
2007-12-13 02:21:57 · 8 answers · asked by nipsy3 2 in Business & Finance ➔ Taxes ➔ United States
Liam M above is on the right track for the correct answer.
Whenever a donation is made to charity, only the portion which exceeds value received is tax deductible. For example, if you donate $25 dollars to your local public TV station, and in return they give you a mug worth $10, you have a deductible donation of $15. The station would give you a receipt showing all 3 amounts.
In essence, you donated $250 but received a dog and some vet care in exchange. The shelter would be required to give you a receipt showing those facts. Your deductible amount, if any, would be based on the amounts on the receipt.
2007-12-13 02:35:23 · answer #1 · answered by taxreff 7 · 5⤊ 0⤋
No, you got the dog. It's not considered a donation. It's only a donation if you don't get something of equal value for it. If that's what they charge for an adoption fee, including the vet care, neutering, etc, then there's no deduction.
If their normal fee was $200 and you instead gave them $250 because of the good work they do, then the extra $50 would be tax deductible if they are a 501(c)3 organization. Or if you gave them $250 and did NOT get anything for it, you could deduct the entire $250 if they are 501(c)3.
The organization calling it a "donation" doesn't make it deductible as a charitable contribution.
2007-12-13 12:37:04 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Yes it is, but make sure that it is a 501-c3 non-profit organization. Most adoptions fees are to cover medical expenses for the dog that was taken in, such as spaying/neutering and shots. If you were told that it was basically a "donation," ask the rescue if you can have a receipt for tax purposes.
2007-12-13 02:27:41 · answer #3 · answered by Anonymous · 0⤊ 3⤋
I doubt it, since you received the dog for the money. All the non-profits I donate to give you a receipt saying you didn't receive anything tangible for your donation.
2007-12-13 02:25:53 · answer #4 · answered by It's the hair 5 · 3⤊ 1⤋
They have to give you a proper reciept or you cannot deduct it.
Sounds like you received value (dog, shots, etc), does not sound like a donation.
2007-12-13 02:25:35 · answer #5 · answered by Liam M 4 · 3⤊ 1⤋
My community church, and so a techniques as i understand my national church, would not foyer, yet i think of the church homes that do attempt to effect legislations could desire to be taxed. i think of by using fact the Sierra club is attracted to our environment it is not a politically attainable company to guard.
2016-11-26 19:37:40 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Yes, just be prepared to provide a receipt if you should ever be audited by the Infernal revenue service
2007-12-13 02:24:42 · answer #7 · answered by Anonymous · 0⤊ 4⤋
Yes, but you need a receipt.
2007-12-13 02:24:16 · answer #8 · answered by Anonymous · 2⤊ 4⤋