Why A $3.3 Million Lunch With Warren Buffett Is A Good Tax Move In 2018

Warren Buffett sits down in an exclusive interview with CNBC?s Becky Quick about the recent market volatility and presidential candidates, ahead of his charity lunch at Smith and Wollensky?s Steak House in New York City on September 9, 2015 — (Photo by: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images) Earlier this week, a charity auction to have lunch with Warren Buffett resulted in a winning bid of $3,300,100. The winning bidder, who has chosen to remain anonymous, won the right to eat with the billionaire at Smith & Wollensky steakhouse in New York City. The annual lunch with Buffett benefits Glide Foundation, which offers food, shelter, health care and other services to homeless and low-income people in San Francisco. When you have the means to spend $3 million on lunch, you might not be looking for a tax break. But in this case, the bidder may qualify for one. Here’s why it could make good tax sense this year: 1. Bunching. With new tax reform…

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