this post was submitted on 10 Mar 2024
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[–] reflectedodds@lemmy.world 2 points 7 months ago

Yea I guess I was thinking something like this

  1. I earned $100,000 revenue
  2. You give me $20,000 donation
  3. I make a $20,000 donation
  4. I report on taxes I earned $100,000 and donated $20,000, so my taxable income is $80,000 because I wrote off a donation you gave me.

I would have to include the donation either in my earnings or report it some other way.