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Old 12-29-2002, 12:23 PM
Thorin Thorin is offline
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Thumbs down Raffle Tickets Are Not Deductible, but...

Jim,

You are correct in that raffle tickets are not deductible as a contribution, but the cost of the one ticket that won the prize is used to reduce the value of the prize...I believe.

Dave Lowell

ps what are your thoughts on the 427 on e-bay?
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