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While they "technically" receive a donation from you and send you a gift, I think most judges would see an exchange of money for an item and say that somebody d
by stephengillie 14y ago
While they "technically" receive a donation from you and send you a gift, I think most judges would see an exchange of money for an item and say that somebody definitely is selling something.
- JoeAltmaier 14y agoNPR gave me a coffee mug for my donation. Were they selling it?
- nirvdrum 14y agoPartially. I'm pretty sure if you write-off that donation you need to subtract the fair market value of that mug. A real accountant could speak better to that though.
- molsongolden 14y agoThis is how it's supposed to work. (accountant)
- wpietri 14y agoI see it as a donation to an entrepreneur, artist, or other innovator. I sometimes turn down the rewards. And I'm always offered the option to do so. Which means it's definitely not a normal for-sale arrangement. Who would order something from Amazon and then check a box saying, "Oh, just charge my card; don't actually send anything"?