by Bessie
(Virginia)
An individual has agreed to allow our church to use his outdoor stage equipment/apparatus for a community picnic at NO COST to our church if we (our church) provide him with a non-cash donation receipt.
Can our church provide such a receipt?
If so, what should the wording be on this receipt?
Bessie
1Comments
Rent-Free Use of Equipment Not Deductible
VVickey
No. The value of rent-free use of equipment cannot be claimed as a charitable contribution.
See IRC 170(f)(3)(A)
See IRC 170(f)(3)(A)