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January 25, 2023
Question

Can a small business, sole proprietorship, deduct the value of pro-bono professional services on Schedule C?

  • January 25, 2023
  • 2 replies
  • 0 views
An invoice was sent to a 501(c)(3) charity with the value of services provided written off as $0 due.

2 replies

Kat11_2
Employee
January 25, 2023

I'm sorry, but no.  An expense that wasn't paid by the business cannot be deducted.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
VolvoGirl
Employee
January 25, 2023

Did you send the invoice for $0?  You can't deduct income you never received.  You will just have less income to be taxed on.  You take the loss by still deducting all your expenses but not your time or labor.