Can the money “Donated” to a marijuana collective in California be written off as “charitable donation”?
I live in California, and I am a medical marijuana patient. When obtaining medical marijuana from a collective/Co-op, it’s understood that you are making a donation, and that a portion of the donation will be passed on into some sort of charity. So my question is- Can i write off the money i “donate” on my Taxes as a Charitable Donation? I have receipts for nearly all my transactions.
No, because a donation for something in return is not tax deductible.
Yeah – ask about the “understood” “portion of the donation” and where it is “passed on” and to which “some sort of charity”. In CA with a collective it is understood that you are providing a reimbursement for them growing your bag of weed! Not disagreeing that a write off might be found say in medical out of pocket. MMJ ain’t no charity!