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Charitable donation - Self written works

  • 1.  Charitable donation - Self written works

    Platinum Most Valuable Member
    Posted 12-02-2018 22:19
    i need help in breaking down what my be deductible in donating of literary creative works and memoirs

    My client, and international writer donated memoirs and other works to a university. he has virtually no basis in the properties, for he wrote them.  Could there be a deduction for him donating such items?

    a discussion would be greatly appreciated.


    Abby Alhante
    Melville NY

  • 2.  RE: Charitable donation - Self written works

    Bronze Most Valuable Member
    Posted 12-03-2018 07:45
    IMHO he would need an independent appraisal of the materials donated. I might consider reaching out to an auction house - I they probably know someone

    Wachsler CPA, LLC
    Irene Wachsler, CPAs
    Sent from my iPhone

  • 3.  RE: Charitable donation - Self written works

    Posted 12-03-2018 15:50
    A donation of self written works is the same as donating  art work, or a musician doing a concert for charity. The donation is only the actual cost, not the value. One cannot deduct time and effort. Only the actual out of pocket cost is tax deductible.

    Barry Siegel
    Plainview NY