If someone is wiling to donate office space, you would record the fair market value of the space as a donation in kind . You would give the donor a receipt based on the value of the donation. You are required to keep detailed records on all donors, which include name, address, phone number, email, date and amount of donation.
Sunday, August 21, 2011
Can someone donate office space to my 5013c and write it off? If so, how do I report it on my end? -
Also, in general....how to I report donations (monetary and physical items)and what is the proper way to give the donater a receipt?
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