237
hmm
(s3.us-west-000.backblazeb2.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Mar 2026
237 points (98.8% liked)
Political Memes
11695 readers
225 users here now
Welcome to politcal memes!
These are our rules:
1) Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
2) No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
3) Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
4) No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
5) No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
I asked a CPA about this idea a couple months ago and was told that it doesn't work that way, and everything I can find on the internet backs that up. Can you provide a source saying otherwise?
I'm gonna agree with you. If OP gets audited, this will not hold up. OP cannot deduct money for a service that the charity pays nothing for. Only unreimbursed or out of pocket expenses can be deducted this way
The IRS actually already did look it over. They decided (rather arbitrarily) that the script I donated was worth ~50,000 instead of ~70,000 as I was trying to claim. Definitely not a full audit, but they already reviewed it at some level and it passed muster.
Right because you're donating intellectual property which is property. And that distinction is fucking nonsense but here we are. I doubt a full audit would allow market prices to survive on that though. They'd be like "hey now, this didn't cost you that." But to do a full audit we'd actually have to fund the IRS. Good luck getting that to happen.
But would not that depend on how OP's time is valued in this case? OP could argue that their expertise costs $14000/hour ($70000 over 5 hours). I am sure that they would argue the hour cost, I have not clue how the IRS handles something like this.
As I understand it, technically the "thing of value" is the script itself - because it doesn't have a clearly defined value you can get away with claiming some fairly crazy valuations.
There's a very similar tax loophole popular with the wealthy where you get a "great deal" on some slightly valuable art, donate it to charity, get it valued by an "expert" you know, who just happens to think it's worth many times what you paid, then write that off on your taxes. Basically free money.
Other than my tax returns from that year? Not really.