Partnership charitable donations
Varies
Can You Write Off Partnership Charitable Donations?
Short answer: Not on the partnership return: donations pass through to partners on the K-1, and each partner deducts their share only if they itemize.
Partnerships and S corps don't pay income tax themselves; income, deductions, and credits flow to the owners on Schedule K-1.
Records to keep: Keep receipts or invoices, proof of payment, and a note of the business purpose for each expense.
Partnership charitable donations
Varies
General Business
Not on the partnership return: donations pass through to partners on the K-1, and each partner deducts their share only if they itemize.
Business justification
Not on the partnership return: donations pass through to partners on the K-1, and each partner deducts their share only if they itemize. Partnerships and S corps don't pay income tax themselves; income, deductions, and credits flow to the owners on Schedule K-1.
Category
- Tax Write-Off Rules