Question

Is the cost of items purchased to benefit a charitable organization deductible, for example, ballet tickets to raise money for a non-profit hospital?

Answer 1

The cost of items purchased to benefit a charitable organization, such as ballet tickets to raise money for a non-profit hospital, may be tax deductible.

Step-by-step explanation:

Yes, the cost of items purchased to benefit a charitable organization may be tax deductible. In the case of ballet tickets purchased to raise money for a non-profit hospital, the cost of the tickets may be deductible as a charitable donation on your taxes. However, it is important to keep proper records and consult with a tax professional or refer to the relevant tax laws in your country to ensure eligibility for the deduction.