If a not-for-profit (church) would like to rent space from me (market value $28,000 a year) and I decide to donate the space to the church, can I write off the $28,000? If so, do I need a lease or some type of documentation for the IRS? (M.A., Woodstock, IL)
The Free Rent Issue
You don’t want to do this. Giving free rent to the church produces a zero tax deduction for you.
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