Social club tax requirements

Mike Rush · #1 Mar 21, 2008, 12:18 PM

Our 501(c)7 is trying to raise money for a building for the membership. Does any fundraising get taxed if used exclusively for the building?

ebaines · Mar 21, 2008, 01:01 PM

Are you asking whether donors can deduct contributions they made from their taxes? The answer is no - a donation to a social club does not qualify to be deducted. See IRS pub 526 for details:

www.irs.gov/pub/irs-pdf/p526.pdf



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