Guest guest Posted April 10, 2003 Report Share Posted April 10, 2003 Can anyone answer this question? If we buy things at the Amma bizarre when she's on tour, are these considered tax deductable donations? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted April 11, 2003 Report Share Posted April 11, 2003 Dear Soulquest, As the originator of the Seattle Satsang Auction, which eventually started all the others, I can tell you that the portion that is deductible is only the amount you pay that is above the "fair market value" of the item. For example, what is a pair of Amma's used shoes worth to the IRS? Probably not much, the truth to tell, even though they are priceless to devotees. So if used Birkenstock sandals usually sell for, say, $10, and you pay $1000 for them, $990 should be tax deductible. If you are bidding on an astrological reading worth $150 and get it for $120, nothing would be deductible. Clear as mud? In Amma, Jyotsna --- SoulQuest7 wrote: > Can anyone answer this question? If we buy things at > the Amma bizarre when > she's on tour, are these considered tax deductable > donations? > > > [Non-text portions of this message have been > removed] > > > Tax Center - File online, calculators, forms, and more http://tax. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted April 11, 2003 Report Share Posted April 11, 2003 I got an emai from Ammachi.org and they told me purchases were NOT tax deductable, only donations for which no goods were received. -=-= om--- Nick In a message dated 4/11/2003 7:19:50 PM Pacific Daylight Time, jyotsna2 writes: > Dear Soulquest, > > As the originator of the Seattle Satsang Auction, > which eventually started all the others, I can tell > you that the portion that is deductible is only the > amount you pay that is above the "fair market value" > of the item. > > For example, what is a pair of Amma's used shoes worth > to the IRS? Probably not much, the truth to tell, > even though they are priceless to devotees. So if > used Birkenstock sandals usually sell for, say, $10, > and you pay $1000 for them, $990 should be tax > deductible. > > If you are bidding on an astrological reading worth > $150 and get it for $120, nothing would be deductible. > > Clear as mud? > > In Amma, > Jyotsna > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted April 12, 2003 Report Share Posted April 12, 2003 Try it and let us know )) In a message dated 4/12/03 5:09:32 AM Eastern Daylight Time, Ammachi writes: << Message: 4 Thu, 10 Apr 2003 09:18:59 EDT SoulQuest7 Re: Peace & Taxes Can anyone answer this question? If we buy things at the Amma bizarre when she's on tour, are these considered tax deductable donations? >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted April 14, 2003 Report Share Posted April 14, 2003 Sorry, I misread the question. Thought it was about the current auction. No, bazaar items are not tax-deductible. My apologies. J. --- SoulQuest7 wrote: > I got an emai from Ammachi.org and they told me > purchases were NOT tax > deductable, only donations for which no goods were > received. -=-= om--- Nick > > In a message dated 4/11/2003 7:19:50 PM Pacific > Daylight Time, > jyotsna2 writes: > > > > Dear Soulquest, > > > > As the originator of the Seattle Satsang Auction, > > which eventually started all the others, I can > tell > > you that the portion that is deductible is only > the > > amount you pay that is above the "fair market > value" > > of the item. > > > > For example, what is a pair of Amma's used shoes > worth > > to the IRS? Probably not much, the truth to tell, > > even though they are priceless to devotees. So if > > used Birkenstock sandals usually sell for, say, > $10, > > and you pay $1000 for them, $990 should be tax > > deductible. > > > > If you are bidding on an astrological reading > worth > > $150 and get it for $120, nothing would be > deductible. > > > > Clear as mud? > > > > In Amma, > > Jyotsna > > > > > > > [Non-text portions of this message have been > removed] > > > Tax Center - File online, calculators, forms, and more http://tax. Quote Link to comment Share on other sites More sharing options...
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