Tax Deductibility of Insider Flyer gift subscriptions to charities
I purchased 40 Inside Flyer subscriptions and received Starwood points.
The subscriptions were donated to the United Way.
From their perspective, the full $ value of my gift is deductible.
However, what about the mile benefit I received from Starwood?
Can I deduct the full value ($2400) or do I have to reduce by value of the miles?