If you itemize your deductions, you can include these gifts with your other charitable contributions on Schedule A, as long as you have a receipt for each payment. You may not take a deduction for these gifts on your Schedule C.
Articles in this section
- Can I report as "Other Income" the $6,000 I made from providing day care services?
- What is the standard mileage deduction for the use of a vehicle in a business?
- Can I take a business deduction for the small cash donations my business makes to various qualified charities in the neighborhood? I am a sole proprietor.
- Will my self-employment income affect the amount of income I receive as Social Security benefits?