Re: The Complete Encore Series

["L. Bird" <pkeets@xxxxxxxxxxx>]

> > Plus, the proceeds from the cds are going to charity.  Each cd you buy 
> > sends a donation to TCT.   Because of this, there's a tax deduction 
> > available to cut down some of the cost.
> Do you know how much?
Here's some info from USA Today that is also repeated at other sites:

http://www.usatoday.com/money/wealth/consumer/mcw058.htm

> When you buy a fruitcake from a charitable organization or attend a 
> fundraising dinner, you usually can't deduct the entire price. Your 
> deduction is limited to the amount you paid that exceeds the fair market 
> value of the goods or services you received. So if your meal was valued at 
> $50 and you paid $65 to attend the banquet, your deduction is limited to 
> $15.

Substitute "cd" for "fruitcake."  The problem would be to decide what fair 
market value of the cds are.  Did Pearl Jam charge $10 for theirs?  That 
would be a good starting point.  You might also deduct some of the costs of 
Who concert tickets where the proceeds went to charity, assuming you could 
support your statement of what "fair market value" of a music concert would 
be.  An average of ticket costs?


keets

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