Timeline for Can one claim charitable contribution deduction for data donation?
Current License: CC BY-SA 4.0
15 events
| when toggle format | what | by | license | comment | |
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| Jul 2, 2019 at 22:07 | comment | added | Franck Dernoncourt | @mhoran_psprep Between 200 USD and 2000 USD. | |
| Jul 1, 2019 at 11:43 | comment | added | JTP - Apologise to Monica♦ | @mhoran_psprep 's comment here can prob be expanded to an answer. All donations require a receipt. Non-cash donations require the receipt and above a certain amount, an appraisal. | |
| Jul 1, 2019 at 10:08 | comment | added | mhoran_psprep | How much did it cost you? The IRS requirements for level of documentation depend on the value of the item. | |
| Jul 1, 2019 at 9:44 | answer | added | Jasen | timeline score: 1 | |
| Jun 30, 2019 at 5:20 | comment | added | Franck Dernoncourt | @BenVoigt maybe one can deduct just for the first copy? | |
| Jun 30, 2019 at 5:03 | comment | added | Ben Voigt | @FranckDernoncourt: We already recently explored blood and organ donations, and found that there's no advantage (you can only claim a deduction up to the value of imputed income you should have received from the sale, which exactly cancels the deduction). In this case at least you have an expense in excess of the imputed income, so it might be possible... but since you are donating merely a copy of the data, it is unlikely that each copy would be held to have a valuation equal to acquiring the first copy. | |
| Jun 29, 2019 at 18:16 | comment | added | Franck Dernoncourt | @mhoran_psprep yes | |
| Jun 29, 2019 at 13:16 | comment | added | mhoran_psprep | Do you still have access to the data? | |
| Jun 29, 2019 at 9:02 | comment | added | Franck Dernoncourt | @SJuan76 There might be a market for that. As far as I know, they don't offer to pay any amount to individuals wishing to sell that data. Regarding the body donation for deceased person, maybe it's a bit different as I don't know if the body of the deceased person belongs to the heirs, and as a result if the relatives/heir of a deceased person allow for his remains to be used for organ donation/research don't know if this counts as a donation. | |
| Jun 29, 2019 at 8:58 | comment | added | SJuan76 | Up to the eleven: if the relatives/heir of a deceased person allow for his remains to be used for organ donation/research, do they get (as owners of the body) to deduct that as donations? | |
| Jun 29, 2019 at 8:56 | comment | added | SJuan76 | Is there a market for that? If the organization wanted data from more individuals, could they go to a seller and ask "give me 10 genetic sequences, here take these $"? Or do they offer to pay any amount to individuals wishing to sell that data? | |
| Jun 29, 2019 at 7:22 | comment | added | Franck Dernoncourt | @Lawrence Example: paying to sequence one's whole genome sequence, then donating the data to a qualified tax-exempt organization that does research on genomics. | |
| Jun 29, 2019 at 7:22 | history | edited | Franck Dernoncourt | CC BY-SA 4.0 |
added 152 characters in body
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| Jun 29, 2019 at 7:18 | comment | added | Lawrence | Were you purchasing information on behalf of the organisation? Presumably the data has some relevance to the organisation’s operations - but in that case, wouldn’t they have already purchased it themselves? | |
| Jun 29, 2019 at 7:11 | history | asked | Franck Dernoncourt | CC BY-SA 4.0 |