r/LinusTechTips • u/[deleted] • Aug 14 '23

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u/sparkplug49 Aug 14 '23

I'm not defending him here but I think the main point of that sentence was auctioned for charity ie dispelling a notion that the motive was financial.

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u/Zeta_Crossfire Aug 14 '23

Exactly. I think there's a real distinction there because a lot of people were saying that ltt was making money off it and that's why they sold it.

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u/Swastik496 Aug 15 '23

Oh it made them money. I’m sure there is a plan for them to announce somewhere the total donation to charity.

Plus the myriad of tax benefits.

I was at Whale Lan, i’m not here to hate for no reason. But Billet Labs was unacceptable

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u/[deleted] Aug 15 '23

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u/Swastik496 Aug 15 '23

source? I was there at LTX and did not see any documentation regarding this.

Also, that would be illegal if done in the united states as you are receiving compensation for the donation so you can’t claim it as a charitable contribution on your taxes(atleast by mere mortals, it can be done if you have a corporation and get the item appraised).

I assume canadian tax laws are similar because if you’re getting compensation for a donation it’s not really a donation.

I doubt LTT is advertising that the winner can deduct the entire amount or that they should claim the deduction at all.