Archive of Hannah Cole

Hannah Cole is an artist and an Enrolled Agent. She is the founder of Sunlight Tax.

Hannah has written 21 article(s) for AFC.

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Hannah Cole

Can I Get a Tax Deduction For the Artwork I Donated? Short Answer, No

by Hannah Cole on October 4, 2016
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Here’s the scenario: Your friend at Charity X wants you to donate one of your paintings to their upcoming fundraising auction. You’re on the fence, but she mentions the tax deduction, and so you agree. After your painting sells at the event, you get a letter from Charity X, intended for your tax records, stating the price your piece sold for.

This scenario is misleading to the artist.

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