U2/ONE/Music Rising a Tax Deduction? - U2 Feedback

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Old 02-28-2007, 09:05 AM   #1
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U2/ONE/Music Rising a Tax Deduction?

anyone considering deducting money spent to attend the concert and support the ONE campaign as a tax write off?

i probably only spent a couple thousand on tickets and travel, which is a drop in the bucket compared to the deep pockets from many other U2 fans. but since the show was more than great entertainment and incorporated the ONE campaign, it seems there is a chance to apply the money spent towards the charitiable donatation block on a tax form.

BOTTOM LINE: did you considered the event strictly a U2 concert or a "ONE campaign revival."

In addition, all the music rising stuff i purchased (guitar and shirts) will definetly go on my taxes, since all proceeds went directly to the that charity.

all in all, i love U2 and hate taxes.
any IRS auditor/tax guru who is a U2 fan, please advise!
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Old 02-28-2007, 12:04 PM   #2
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I would still have attended the concerts even if the ONE campaign did not exist, so I guess I wouldn't see the point in writing them off.
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Old 02-28-2007, 01:28 PM   #3
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This is funny. I'd love to be a fly on the wall when you try and explain that one to the auditor...
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Old 02-28-2007, 01:56 PM   #4
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I wonder if Bono writes off his expenses when he is working for the ONE campaign
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Old 02-28-2007, 03:41 PM   #5
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Old 02-28-2007, 04:06 PM   #6
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So you're getting:

- memorable concert experiences
- clothing
- collector's guitar
- MONEY BACK from a tax write-off


Wow. There's some real altruism & charity there!
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Old 03-01-2007, 10:10 AM   #7
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ENJOY!
http://www.irs.gov/publications/p526/index.html


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Old 03-01-2007, 10:59 AM   #8
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Quote:
Originally posted by kramwest1
ENJOY!
http://www.irs.gov/publications/p526/index.html


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after reading the above, the idea quickly faded

maybe it will be less obivious when i show my support and donate to "the police" tour.
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Old 03-01-2007, 09:48 PM   #9
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i think you should write off the 1 dollar white band you bought.

i smell refund.
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Old 03-02-2007, 09:49 AM   #10
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Just a donation note..
In the past when I've had extra tickets for concerts that I couldn't use for whatever reason, I would donate them to the local Big Brothers/Big Sisters chapter. They'll give you a donation letter, and then you can write off the value of the tickets.
Make sure you talk to the donation coordinator before you just send them the tickets and send them so they arrive in time for the show and a Big/Little match can use them to see the concert.

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