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School Related Hunting Fundraisers #4075588
02/02/24 10:48 AM
02/02/24 10:48 AM
Joined: Nov 2009
Posts: 2,536
Birmingham, Al
A
akbejeepin Offline OP
10 point
akbejeepin  Offline OP
10 point
A
Joined: Nov 2009
Posts: 2,536
Birmingham, Al
I know there are some school fundraiser hunts around. If you allow your hunting land to be used and guide hunters, are there any tax deductions available or do landowners only do this to help the school?

Re: School Related Hunting Fundraisers [Re: akbejeepin] #4075620
02/02/24 11:42 AM
02/02/24 11:42 AM
Joined: Jul 2010
Posts: 9,166
B'ham
Goatkiller Offline
14 point
Goatkiller  Offline
14 point
Joined: Jul 2010
Posts: 9,166
B'ham
I would think that you could claim the fair market value based on comparable hunt prices as a charitable donation. We do a lot of charitable hunts on our place but unless I outlay some cash I don't claim anything we are losing enough money just owning land with a bunch of worthless trees on it. Hopefully we got a couple accountants that can chime in and give a better answer.


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Re: School Related Hunting Fundraisers [Re: akbejeepin] #4075663
02/02/24 01:24 PM
02/02/24 01:24 PM
Joined: Aug 2001
Posts: 63,979
Luverne, AL
Skinny Offline
GUVNER
Skinny  Offline
GUVNER
Joined: Aug 2001
Posts: 63,979
Luverne, AL
The owner of XYZ local tire company sponsors a school hunt on his family property. He puts his banner up for the hunt, buys a rifle for the raffle, gets public recognition for supporting the local school, gets a generation of customers.
That sir is an advertising expense and accountants should have no problem putting that cost in the correct column for tax benefits.


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