Originally Posted by Spiff
Since there's no tax assessed for earning FF miles, the general consensus has been that there's no tax deduction permitted when donating miles.
I am not a tax adviser, nor can I even pass for one in a bad light, but the subject has come up many times in the past.
Correct....there is no tax benefit. This is for financial statement purposes. I think we're just gonna go at it from the point that you can purchase a mile for $0.0275.