Question
Kate contributes $500 on a crowdfunding website (e.g., GoFundMe) to support victims of a recent hurricane. Is the contribution deductible for Kate, and are the
Kate contributes $500 on a crowdfunding website (e.g., GoFundMe) to support victims of a recent hurricane. Is the contribution deductible for Kate, and are the proceeds included in gross income for the recipient(s) of the funds?
IMPORTANT: I know the answer to this question--it is not likely to be deductable because the website does not conform to the code\'s definition of a charitable class. What I DON\'T know is how to locate a primary source that confirms this. By primary source I mean legal source--a citation of the relevant Code section, subsection or regulation, or a judicial decision--not an IRS publication. Can anyone help?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
After analyzing the case it is evident that Kate had contributed the money to a fundraising campaign ...
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
