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I started a nonprofit organization that's recognized as a 501(c)3 by the IRS. I'm the President/CEO, can I deduct filing fees/material expenses incurred for start-up?

Forum|Forum|6 years ago
May 31, 2019
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If so, how do I claim/deduct that on my personal taxes? Would it be considered a donation or contribution to get the nonprofit started or would it be an unreimbursed company expense? I just want to make sure I'm not doing anything that would negatively impact me or the nonprofit.

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Best answer by GregH

Yes, you can deduct personal start cost used in the your Non-profit corporation as long as you have been granted 501(c) status or you have filed your 1023 application.

You can deduct the cost as charitable donations.

See http://www.irs.gov/publications/p17/ch24.html for additional information.

G

GregHAnswer

Yes, you can deduct personal start cost used in the your Non-profit corporation as long as you have been granted 501(c) status or you have filed your 1023 application.

You can deduct the cost as charitable donations.

See http://www.irs.gov/publications/p17/ch24.html for additional information.