qbteachmt
Level 15
01-10-2021
12:08 PM
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The costs of materials and labor (basis) are already documented as business expense. What they did is forfeit the sale. It's the same concept as waste or damage, really. You don't get to write off the lost sales price as if that is donation.
Food donation has some new provisions.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers