GodlyManDude540 Posted June 17, 2011 Posted June 17, 2011 I started folding again and I was wondering if its possible to write off my time, electricity used and any maintenance while folding? Ive done a little research and I cant find solid answer. Share this post Link to post Share on other sites More sharing options...
Locutus Posted June 17, 2011 Posted June 17, 2011 Unless you have solid proof (IE: Power readings of JUST your video cards/cpu) it'd be hard to prove to the IRS. Also, is Stanford considered a non-profit organization? Share this post Link to post Share on other sites More sharing options...
GodlyManDude540 Posted June 17, 2011 Posted June 17, 2011 Under the how to donate section it says they are non-profit How to donate funds directly to Folding@home Introduction Some people have asked how they could donate money to help Folding@home. First and foremost, you can help by downloading and running our client software. This software is free, but for each computer participating, we get a commensurate boost in our computational ability. For all those who have run the client, we thank you! For those of you who would like to donate money, you can make a tax deductible donation to Folding@home (via the research group of Vijay Pande) by donating to Stanford University. Stanford is a 501©(3) non-profit entity and thus a donation of money is tax deductible. Stanford's Federal Tax ID number is 94-1156365. Many companies help individuals donate to Stanford by providing matching funds. You can check to see if your company matches funds by clicking here. Share this post Link to post Share on other sites More sharing options...
Locutus Posted June 17, 2011 Posted June 17, 2011 Well then, it's a good question lol. I have no idea. Share this post Link to post Share on other sites More sharing options...
GodlyManDude540 Posted June 17, 2011 Posted June 17, 2011 I think I might call H&R Block or something next week. Share this post Link to post Share on other sites More sharing options...
AkakmanH Posted June 17, 2011 Posted June 17, 2011 I just talked with my CPA friend - and If you are a home business - forget about it - no deduction If you have an office that you lease then great - go for it Share this post Link to post Share on other sites More sharing options...
TheHippi Posted June 17, 2011 Posted June 17, 2011 I just talked with my CPA friend - and If you are a home business - forget about it - no deduction If you have an office that you lease then great - go for it Did you ask if it could be a charitable donation? Share this post Link to post Share on other sites More sharing options...
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