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Old 09-27-2005, 10:55 AM
paramom paramom is offline
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Are funds raised for adoption taxable?

My husband and I are having different fundraisers to raise the money to adopt from Guatemala. We have had three yard sales in the last month and we are having a yard sale/bake sale this weekend. We also have set out baby bottles in different locations to collect change. We talked to an accountant who said that the baby bottle money might be taxable as income since we are asking for donations. I called the IRS and they said that they had never heard of anyone having to pay taxes on yard sales and bake sales or other fund raisers but I forgot to ask them about the baby bottles. Thanks for any information
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