Kate contributes $500 on a crowdfunding website (e.g., GoFundMe) to support victims of a recent hurricane. Is
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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 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?
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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