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Submitted By: Richard
Answered: May 27, 2014 8:30 am
Answered: May 27, 2014 8:30 am
Can I allow my brother to deduct the noncash donations I made to the Salvation Army because I don’t itemize but he does?
No. It was your property that was donated, so the donation belongs to you. You could have given the items to your brother as a gift and let him make the donations.
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Tax Glossary
Capital asset
Property subject to capital gain or loss treatment. Almost all assets you own are considered capital assets except for certain business assets or works you created.
