Can I Take a Tax Deduction for a Charitable Contribution Made in Canada?
Full Question:
is it possible and legal taxwise for an individual, corpoaration, company, or trust to make a charitable donation to a charity in canada and take a deduction on irs tax filings and vice versa from canada into the u.s.a.?
11/30/2010 |
Category: Taxes |
State: Illinois |
#23738
Answer:
You may be able to deduct contributions to certain Canadian charitable organizations covered under an income tax treaty with Canada.
To deduct your contribution to a Canadian charity, you generally must have income from sources in Canada. See Publication 597, Information on the United States-Canada Income Tax Treaty, for information on how to figure your deduction:
http://www.irs.gov/publications/p597/index.html
