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I am a little undecided how to proceed with a situation. My Mother-In-Law has aked me to donate 5 bottles of wine for their yearly party political fundraiser dinner. They hold raffles for donated items by selling tickets for a drawing. One of the items is a booze bucket and always brings a lot of participation, but that is all commercial product.What is the policy on donating wine for a fundraiser? I would be giving it away, but somebody is making money off from it. Does this make it a taxable product? I don't want to get anyone, including myself in trouble over this.
One of the items is a booze bucket and always brings a lot of participation, but that is all commercial product.
Any thought would be appreciated.
One of the items is a booze bucket and always brings a lot of participation, but that is all commercial product.
Any thought would be appreciated.