Join Date: Apr 2002
Sportbike: Moto Guzzi V-11 sport
Years Riding: since 1998
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Originally posted by TaxMan
If you're using those records then it will not qualify as a Charitable Contribution. IRS will treat it as if you bought it from any other store.
Part may qualify though (example if he paid $100 for a $15 cd, the difference would be considered charity), but it sounds like he paid FMV.
Look, I can appreciate this. I was young too, I felt just like you. Hated authority, hated all my bosses, thought they were full of shit. Look, it's like they say, if you're not a rebel by the age of 20, you got no heart, but if you haven't turned establishment by 30, you've got no brains. Because there are no story-book romances, no fairy-tale endings. So before you run out and change the world, ask yourself, "What do you really want?"