Terry in Huntsville wrote:Hi,
Realizing that IRS would be the final authority (no pun intended on the "final"), has anyone had any experience deducting costs of rental aircraft for charitable flights?
IRS Publication 526 explains (in great detail) what is and is not deductable. Unfortunately, it does not specifically mention aircraft rental, or automobile rental for that matter.http://www.irs.gov/publications/p526/index.html
It does say:
Out-of-Pocket Expenses in Giving Services
Although you cannot deduct the value of your services given to a qualified organization, you may be able to deduct some amounts you pay in giving services to a qualified organization. The amounts must be:
* Directly connected with the services,
* Expenses you had only because of the services you gave, and
* Not personal, living, or family expenses.