Business Tax Accountant
October 6th, 2008
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Question: Small Business Tax question about a charitable contribution.?
My husbands business donated to a qualified charity but I cannot find where to enter it in on the schedule C. Do I put it under advertising? I know that is where I put the sponsorship of a sports team. And please do not tell me to ask an accountant we know we will only get about $80 back so paying someone $400 is not feasable. If you have any answers please let me know.
He donated cash to a qualified organization
Answer: It does not go on a Sch. C it is reported on a Sch. A...thus, if you don't have enough to itemize it is useless (tax wise only...not socially).
Sorry!
But, hope this helps.
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