2 ms·
The act of giving money (or shares) to the LLC won't be tax deductible. If/when the LLC gives money (or shares) to a charity that will be tax deductible. If/w
by harryh 11y ago
The act of giving money (or shares) to the LLC won't be tax deductible.
If/when the LLC gives money (or shares) to a charity that will be tax deductible.
If/when the LLC spends money (or shares) on something not classified as a charity that will not be tax deductible.
If/when Zuck & his wife die and there is still money (or shares) in the LLC those assets will be subject to the estate tax.