[MR] scrolls as tax deductions

[Madonna Apollonia Margherita degli Albizzi]

I have seen this come up before, and IIRC, scrolls are to be considered
gifts to the recipient, not to the group.  As far as gifting goes, the
exemption for tax year 2009 is $13,000 - that is, the gifter (not the
recipient) can gift $13,000 to an individual without having to pay taxes.
Any amount over $13,000, taxes must be paid.

Apollonia

-----Original Message-----
From: atlantia-bounces at seahorse.atlantia.sca.org
[mailto:atlantia-bounces at seahorse.atlantia.sca.org] On Behalf Of Becky
McEllistrem
Sent: Wednesday, January 20, 2010 6:55 PM
To: atlantia at atlantia.sca.org
Subject: [MR] scrolls as tax deductions

Someone on Facebook made an interesting point that scrolls are gifts to a
501C3 and are therefore tax deductions.  How do I track that?  Do I ask for
notes from the recipient?

Rebecca
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