OMG!! another ??? "donation" for use of real property

[schirallicpa]

Taxpayer owns an event hall that he rents for weddings, etc.  "Donated" use of the building for the local church to use.  church gives him a "receipt" for use for $1500.  Can I use this for anything but fire-starter?

 

[Gail in Virginia]

That's pretty much it.  He already is writing off all the costs - taxes, insurance, etc.  He can't write off what he would have charged - unless he includes that amount in income and then writes it off.  Waste paper.

[RitaB]

This is like writing off the value of your labor.  Ok, let's issue a 1099-Misc for your expense and then here's your Sch C where we'll report that 1099-Misc income.  It sometimes clicks when I say that.  Sometimes not.  You never know with the clicking and the clients.  It's a crap shoot.

 

[Terry D EA]

That's like writing off the lost rent when the property is vacant.

[jasdlm]

9 minutes ago, Terry D said:

That's like writing off the lost rent when the property is vacant.

 

You mean you can't do that? 

[schirallicpa]

The closer you get to the 15th, the slicker the clients get..........................

[JohnH]

I'd like to be able to write off the time I waste explaining these exact same issues to certain clients - Every. Single. Year.