Art Sale
Posted: 16-Aug-2019 9:32pm
90 year old client is selling her paintings and all the proceeds will be given to a charity. How does this play out on her tax return. She will write a check to the charity and they will give her a receipt. The charity is not in anyway involved with this sale. She is doing it on her own. Income from the sale less expenses and then a donation on schedule A? Not sure about this.