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![]() "Al Patrick" wrote About the Degen 1103. . . Not sure. . . Isn't that the one Bro. Stair "gives away" - for an $80 offering. If you're in need of a tax deduction you might consider that. You'd have no sales tax on it. You CAN'T say you want to BUY or ORDER the radio. You have to tell him you are sending an OFFERING and then REQUEST the radio if he still has them available. This way he avoids paying state sales tax on it as well. I don't know what other benefits he has except to possibly be exempt from some kind of sales tax audit. He is very adamant about the wording of the request, but you can get a tax break from it - if needed. *If* this brother-stair is a registered 501(c)3 charitable organization (tax-exempt, not just a non-profit organization), then you could deduct from federal and state income an amount equal to your contribution (minus) the fair value of the radio given in exchange. You would be required by any state of domicile that has a sales tax, to declare the same difference and pay "Use Tax" on it. Does he explain this in his claim of tax breaks? Jack |
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