Hey there,
I know this might sound crazy but hear me out...As far as I can tell in CA it is legal for a homebrewer to supply beer at a non-profit organizition's charity event (beer festival). The beer would obviously be donated and I can not receive any sort of compensation. Now obviously I can't claim the beer as a tax deduction since I don't possess a license to make beer. Could I claim the supplies (hops, grain, yeast) as an "in kind" donation to a charity? I think it could compare to providing food to a charity event like a chile cook off. I would think you would/should be able to write off the cost of ingredients as a donation. Any CPA's out there? What do you think? Thanks. Al
I know this might sound crazy but hear me out...As far as I can tell in CA it is legal for a homebrewer to supply beer at a non-profit organizition's charity event (beer festival). The beer would obviously be donated and I can not receive any sort of compensation. Now obviously I can't claim the beer as a tax deduction since I don't possess a license to make beer. Could I claim the supplies (hops, grain, yeast) as an "in kind" donation to a charity? I think it could compare to providing food to a charity event like a chile cook off. I would think you would/should be able to write off the cost of ingredients as a donation. Any CPA's out there? What do you think? Thanks. Al