• Some users have recently had their accounts hijacked. It seems that the now defunct EVGA forums might have compromised your password there and seems many are using the same PW here. We would suggest you UPDATE YOUR PASSWORD and TURN ON 2FA for your account here to further secure it. None of the compromised accounts had 2FA turned on.
    Once you have enabled 2FA, your account will be updated soon to show a badge, letting other members know that you use 2FA to protect your account. This should be beneficial for everyone that uses FSFT.

Tax Break?

R

roftranspo

[H]ard|DCer of the Month - July 2006
Joined
Sep 1, 2005
Messages
3,440
Hey, does anyone know if we can get a tax break by folding? since it IS charity and all.
 
Unless you transfer physical ownership of your equipment to them, no. The folding itself would be considered a service, which you cannot deduct. You might be able to get away with deducting additional electricity costs, but thats about it.
 
masher said:
Unless you transfer physical ownership of your equipment to them, no. The folding itself would be considered a service, which you cannot deduct. You might be able to get away with deducting additional electricity costs, but thats about it.
Click to expand...
yeah...the electricity cost is what i was wonding about.
 
Deducting electricity on a service that you offer Stanford that they are not paying you to do probably won't work. I don't think you can deduct it unless they are a 501c3 charity or actually are paying you in some way for services rendered.
 
You must log in or register to reply here.
Back
Top