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Updated about 7 years ago on . Most recent reply

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Brian Drab
  • Owensboro, KY
0
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How are others calculating their charitable giving amounts?

Brian Drab
  • Owensboro, KY
Posted

I hold my investment properties within an LLC, which on paper, after all deductions, should take a loss each year (or close to it). I obviously can‘t give 10% of my profits.

I’m curious what formula/standards others are using to calculate their charitable giving amounts.

Thanks in advance for your input!

Most Popular Reply

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352
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Bob Langworthy
  • Accountant
  • Brunswick, ME
242
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352
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Bob Langworthy
  • Accountant
  • Brunswick, ME
Replied

You sound like a person of faith. The way we look at giving is on our net business income. If we showed a loss, we wouldn't give. Not sure if this gets at your question.

  • Bob Langworthy
  • Loading replies...