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Re: Strip: Donating A Kayak To Charity
By:Nick Schade - Guillemot Kayaks
Date: 11/10/2014, 3:41 pm
In Response To: Strip: Donating A Kayak To Charity (Jim777)

I have not donated kayaks but have been asked to do so. I have donated lesser value things that I've made.

One thing you should be aware of is that you can only take a tax deduction on the cost of your materials, not on the "fair market value" of the kayak. i.e. if you spent $500 and spent 100 hours building and your time is "worth" $50/hr you can only deduct $500, not $5,500. So, from the tax perspective it is not a great deal, but it can be a nice way to support a cause you feel is worthwhile.

http://www.freelancetaxation.com/can-i-deduct-my-art-when-i-contribute-it

Messages In This Thread

Strip: Donating A Kayak To Charity
Jim777 -- 11/10/2014, 9:36 am
Re: Strip: Donating A Kayak To Charity
Ben Alexander -- 11/10/2014, 10:05 am
Re: Strip: Donating A Kayak To Charity
Jim777 -- 11/10/2014, 9:05 pm
Re: Strip: Donating A Kayak To Charity
Bill Hamm -- 11/11/2014, 12:13 am
Re: Strip: Donating A Kayak To Charity
yoshi -- 11/10/2014, 3:28 pm
Re: Strip: Donating A Kayak To Charity
Nick Schade - Guillemot Kayaks -- 11/10/2014, 3:41 pm
Re: Strip: Donating A Kayak To Charity
Dan Caouette (CSCWC) -- 11/10/2014, 3:47 pm
Scouts and camps
jay Babina -- 11/11/2014, 8:18 am