Tax Deductions
February 9th, 1998
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Tax Deductions
Question: Can doctors take tax deductions for donating expired medications to a charity, instead of disposing of them?
I wanted to collect some expired medicines from some doctor’s offices to take them along with me on medical missions to 3rd world countries. Sometimes saving them up, is a hassle for them. Can I say that they can take a tax deduction for donating the expired Rx meds and nonRx supplies instead of throwing them away?
Rich
Answer: What you are suggesting is a great idea but you may not be looking at the most advantaged point in the life of the pharmaceuticals. An organization in in Bristol Tennessee has a ministry that has been doing this for years. You might want to call them for advise. The name if the organization is King Pharmaceuticals Inc. The last number I had for them is 1-800-336-7783.
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