Topic Thread

Charitable donation - Self written works

  • 1.  Charitable donation - Self written works

    Posted 14 days ago
    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

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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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  • 2.  RE: Charitable donation - Self written works

    Posted 14 days ago
    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
    781.883.3174
    irene@milliecpa.com
    Sent from my iPhone




  • 3.  RE: Charitable donation - Self written works

    Posted 13 days ago
    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.

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    Barry Siegel
    CPA
    BARRY SIEGEL, CPA
    Plainview NY
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