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Write-offApr 30, 2010


There is no deduction or "write off" if you voluntarily give money to your coop. Your coop is not a charity. Frankly, it's probably not even a "Not For Profit". Most coops are just regular corporations that just have a balanced budget. And if there's profit, the reason you don't pay taxes is there is usually a huge loss carryforward based upon the depreciation of the building.

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