Posted by Dave Murray, Ohio CPA on August 27, 2003 at 15:01:45:
In my opinion, this wouldn’t stand up to IRS examination. IRS considers a charitable contribution to be the difference between the amount paid and the fair market value. They would argue that the FMV is $13,500. You’d have to prove otherwise, and that might be difficult to do. You could do it and hope the IRS never audits you, but that’s usually not a bet I recommend.