Jul
27
Posted on 27-07-2010
How do record work you did for free on Schedule C? FOr example, free lawn care to a couple of customers?
Filed Under (lawn care) by admin on 27-07-2010

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?

Outdoor Solar Lighting
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    Comments

    Stefano C on 27 July, 2010 at 6:41 pm #

    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.


    Nusha on 29 July, 2010 at 10:28 pm #

    For example gas oil go on the fuel line it is not donation and donations of time are not deductible.


    justwondering on 1 August, 2010 at 12:09 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.