I think the real answer here is to determine what organization ran the benefit. If it was run by a church or the local VFW, then you might be able to contact them for a receipt. The key here is whether they have filed the paperwork to be a 501 C3 charitable organization. I am the treasurer of such an organization, and do the annual paperwork to keep the registration alive, so we are listed as a "qualified organization". Many schools, historical societies, PTA organizations, VFWs, and thousands of groups have done this registration and are then qualified to receive donations, and provide receipts that are tax deductable. Sometimes the local bank will set up a charitable fund, and register it for the tax break.
But I too have donated a quarter beef to a needy family, and there was no charitable organization involved, so there was no deduction that I could claim. But I still felt good about helping out a family in our community. Often times we can contact our church, make the donation to the church with a note that it is to go to a specific needy family. We can then get a receipt for the donation from the church, and it is deductable.
Another issue could be if you raised the beef or bought it. If you bought it, then the question about the charitable organization applies. But if you raised it, you might have trouble determining the amount to deduct, as you have probably already deducted the cost of feed, supplements, and vet that went into that steer. Then the question of charitable organization applies.
Whatever the tax outcomes are, you can feel good about you (and your wife's?) contribution to a needy family. Thank you for being a good and giving community member!
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
