How do record work you did for free on Schedule C? FOr example, free lawn care to a couple of customers?
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Ford asked:
I have a lawn business but do three yards weekly for free. Can this be accounted for on schedule C? Is it considered a donation of time?
Fishing Tackle And Accessories
I have a lawn business but do three yards weekly for free. Can this be accounted for on schedule C? Is it considered a donation of time?
Fishing Tackle And Accessories











September 5th, 2010 at 3:44 am
You can donate your time to anyone you want to, but that doesn’t mean you can put a value on it and count it as a charitable deduction. You got a business, now get a CPA.
September 6th, 2010 at 11:39 am
For example gas oil go on the fuel line it is not donation and donations of time are not deductible.
The fuel line it is not deductible.
For example gas oil go on the fuel line it is not donation and donations of time are.
September 8th, 2010 at 3:50 pm
No it is not. You would have to record it as income and then could only write it off as a donation if it was to a registered charity (local shelter, church etc) You could write it off as a bad debt, but only after first recording it as income and making a reasonable attempt to collect.