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Old 04-14-2011, 11:48 AM   #1
hscmit
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Default Re: Tatuaje Saints & Sinners club

Quote:
Originally Posted by themoneycollector View Post
Just wanted to get it clear and not mislead people into thinking there's potential for tax deductions here.
you are also getting something in return, which voids the deduction to begin with
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Old 04-14-2011, 01:58 PM   #2
Apoco
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Default

Quote:
Originally Posted by hscmit View Post
you are also getting something in return, which voids the deduction to begin with
Actually, it only voids the deduction up to the market value of the good/service received. IE - if you buy a $2,000 car (market value determined from Kelly's blue book in this scenario) for $90,000 at a Susan G. Komen Breast Cancer Awareness event, you could deduct $88,000 as a Charitable Contribution (assuming SGKBCA is a 401(c)(3) corporation).

Of course, in this scenario with Tatuaje, I can assure you the Market Value of the sampler + swag that is being tossed around would be accepted as more than $150

But back on topic - I doubt I'll pick this up. I like the Tat LEs if I can find them, but I gave up actively pursuing them a while ago. Now I have to see them in the WTS section or in my local B&M to care
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Last edited by Apoco; 04-14-2011 at 02:10 PM.
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