I’m not sure I understand why the winning bid will be considered tax deductible, since the winner will in fact own a document that is “worth” the winning bid (or something approximating it, depending on how much the winning bid topped the previous bids). Seems to me, the only person that could be in a position to take a deduction is Rush himself. Any comments?
Any tax deduction that Rush gets has minute....almost indetectable .... impact on his income taxes. He makes his charitable donations because he likes the charities - not so much for tax deductions.