jdcpa
Contributor
Not to burst your bubble, so to speak, but you can't deduct 100% of the dive just because all the money goes to a qualified charity.
You can only deduct the amount you paid, minus the fair market value of the what you received (the dive).
I don't know what the fair market of the dive is, but I do know it is more than zero and equal to or less than $120.
I just wanted to pass that along before you got yourself in trouble.
It is a fun dive and an easy one.
You can only deduct the amount you paid, minus the fair market value of the what you received (the dive).
I don't know what the fair market of the dive is, but I do know it is more than zero and equal to or less than $120.
I just wanted to pass that along before you got yourself in trouble.
It is a fun dive and an easy one.