Does anyone know how donated space works, tax exemption wise? We have
a fiscal agent and are now looking for space. We think we have found
a good space. $600 a month all utilities plus wi-fi included. As a
bonus the other section of the building is an auto shop where they
have pipe benders and welding equipment that we could use on
occasion. It's located on the edge of our downtown on a high traffic
street. Pretty ideal really. He will give it to us for 600 a month if
he can write off the difference of what he would normally charge
(1200). I have been told this is a legit way of doing things but want
to know the specifics (do we give him a donation receipt every month
with our rent check?) Has anyone worked out something like this? Are
there any drawbacks? Thanks, Andrew F-M Community Bicycle Workshop